Nicholas Scavone Allegedly Recommended Unsuitable Common and Preferred Stock

Nicholas ScavonePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 8, 2018 indicate that New York-based Trident Partners broker Nicholas Scavone has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Scavone (CRD# 4677020).

Nicholas Scavone has spent fourteen years in the securities industry and has been registered with Trident Partners in Woodbury, New York since 2013. Previous registrations include Merrimac Corporate Securities, which has since been expelled from FINRA, in Jericho, New York (2011-2013); JP Turner & Company in Syosset, New York (2006-2011); the Concord Equity Group in Syosset, New York (2006); and Gunnallen Financial in Tampa, Florida (2003-2005). he has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 1, 2003; Series 7 (General Securities Representative Examination), which he obtained on July 17, 2003; and Series 24 (General Securities Principal Examination), which he obtained on May 26, 2011. He is a registered broker with 24 US states and territories: Alabama, Arizona, California, Colorado, Florida, Illinois, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Virginia and Washington.

According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.

In October 2017 a customer alleged Nicholas Scavone, while employed at Trident Partners, recommended unsuitable common and preferred stock transactions. The customer is seeking $40,489 in damages in the pending complaint.

In 2016 a customer alleged Nicholas Scavone, while employed at Merrimac Corporate Securities, recommended unsuitable investments, made unauthorized transactions, failed in his supervisory duties, and breached his fiduciary duty in connection to investments that suffered losses while Mr. Scavone “generated considerable commissions on trades.” The complaint settled for $7,500.

If you or someone you know has lost money investing with Nicholas Scavone, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.