Brian DiBrino (CRD#: 2837066), a registered representative with American Portfolios Financial Services, Inc. (CRD#: 18487) in Fairfield, New Jersey, is currently involved in two investor disputes, according to his BrokerCheck record accessed on June 20, 2020. What happened to lead to this dispute? Read on to learn more.
On May 14, 2020, a client alleged that Brian DiBrino committed negligence and breached his fiduciary duty. The client is seeking $500,000 in damages. The dispute is pending. Two weeks later, on June 1, 2020, clients filed an investor dispute against Brian DiBrino. They are alleging that their broker recommended unsuitable alternative investments. They further allege that he made misrepresentations, breached his fiduciary duty, engaged in failure to supervise, breached his contract, and acted negligently. The clients are seeking $125,000 in damages. The dispute is pending.
These two pending investor disputes are not the only disclosures on Brian DiBrino’s BrokerCheck record. On July 18, 2016, he was discharged from First Allied Securities, Inc. after the firm found that he permitted a non-registered assistant to reuse client signatures on variable annuity documents. This is a violation of firm policy and FINRA rules.
Brian DiBrino has passed the Series 65 – Uniform Investment Adviser Law Examination, the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 31 – Futures Managed Funds Examination, the Series 7 – General Securities Representative Examination, the Series 10 – General Securities Sales Supervisor – General Module Examination, and the Series 9 – General Securities Sales Supervisor – Options Module Examination. He is licensed to sell securities in Arizona, Florida, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, and Virginia.
Over his 23-year career in the securities industry, Brian DiBrino has worked for six firms. In addition to American Portfolios Financial Services, Inc. (CRD#: 18487) in Fairfield, New Jersey, he has als worked for:
- First Allied Advisory Services, Inc. (CRD#: 137888)
- First Allied Securities, Inc. (CRD$: 32444)
- SII Investments, Inc. (CRD#: 2225)
- Fahnestock Asset Management (CRD#: 249)
- Oppenheimer & Co., Inc. (CRD#: 249)
- Morgan Stanley (CRD#: 7556)
- Morgan Stanley DW, Inc. (CRD#: 7556)
If Brian DiBrino was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn more about your options for investment loss recovery. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.