Public records published by the Financial Industry Regulatory Authority (FINRA) on February 14, 2017 indicate that former New York-based Benjamin Securities broker/adviser Walter Marino has received several resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Marino (CRD# 2121623).
Walter Marino has spent 22 years in the securities industry and has been registered with Benjamin Securities in Hauppage, New York (2016). Previous registrations include Lincoln Investment in Dix Hills, New York (2015-2016); Planmember Securities in Farmingville, New York; Legend Equities in Bohemia, New York; Ehrenkrantz King Nussbaum in Melville, New York; Ehrenkrantz King Nussbaum in New York, New York; Brill Securities in New York, New York; Berry-Shino Securities in Scottsdale, Arizona; JB Sutton Group in Melville, New York; HGI in Jericho, New York; Stratton Oakmont in Lake Success, New York; Westfield Financial Corporation in New York, New York; First Hanover Securities in Staten Island, New York; and Painewebber in Weehawken, New Jersey. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received three customer complaints and four pending customer complaints, and was discharged from his position at Lincoln Investments.
In October 2016 he was terminated from his position at Lincoln Investments following allegations he “made an unsuitable recommendation to a client to fully surrender an annuity without knowing the surrender fees that would be incurred by the clients.”
In 2016 a customer alleged Walter Marino, while employed at Legend Equities, generated excessive commissions in her account and misrepresented material facts related to investments. The customer is seeking $60,000 in damages in the pending complaint.
In 2016 a customer alleged Walter Marino, while employed at Legend Equities, charged excessive commissions and made misrepresentations of material facts. The customer is seeking $89,000 in damages in the pending complaint.
In 2016 a customer alleged Walter Marino, while employed at Legend Equities, generated excessive fees and misrepresented material facts. The customer is seeking $264,101 in damages in the pending complaint.
In 2015 a customer alleged he, while employed at Legend Equities, represented a replacement variable annuity as a non-replacement variable annuity. The complaint settled in 2016 for $225,000.
If you have lost money investing with Walter Marino, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.