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New Jersey broker Marc Scudillo has 22 complaints

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding the New Jersey-based CAMAS broker/adviser Marc Scudillo.

Marc Scudillo has worked in the securities industry for eighteen years and has been registered with Comprehensive Asset Management and Servicing, Inc. (CAMAS) in Iselin, New Jersey since 2008. Previous registrations include Securities America of Bridgewater, New Jersey (2001-2008); 1st Global Capital of Dallas, Texas (1999-2001); and Merrill Lynch of New York, New York (1997-1999). Mr. Scudillo is registered with nine US states.

According to his BrokerCheck report, Marc Scudillo is the subject of twenty-two customer complaints.

  • In 2010 a FINRA arbitration panel entered a $250,000 award to a customer who alleged Marc Scudillo, while employed at Securities America, breached his contract and fiduciary duty, committed fraud and gross negligence, engaged in unjust enrichment, and violated state and federal securities laws.
  • In 2010 two customers alleged Marc Scudillo, while employed at Securities America, breached his contract, fiduciary duty, and an implied covenant of good faith and fair dealing. The complaint additionally alleged Marc Scudillo committed negligence and unjust enrichment, aided and abetted a breach of fiduciary duty, and violated both state and federal securities law. In 2015 the complaint resulted in an award to the customers of more than $252,800 each.
  • In 2011 a custoshutterstock_208157017mer alleged Marc Scudillo, while employed at Securities America, misrepresented and sold an unsuitable investment in real estate securities and other interests. The complaint further alleged that Marc Scudillo breached his fiduciary duty and engaged in fraud as well as negligence. The complaint settled in 2012 for $143,000.
  • In 2011 a customer alleged Marc Scudillo, while employed at Securities America, misrepresented and sold unsuitable investments in medical capital. The complaint settled for more than $116,000.
  • In 2011 a customer alleged Marc Scudillo, while employed at Securities America, breached his fiduciary duty while engaging in negligence and misrepresentation. The complaint settled for more than $275,000.
  • In 2010 a customer alleged Marc Scudillo, while employed at Securities America, misrepresented and sold unsuitable investments in medical capital. The complaint settled for more than $232,000.
  • In 2010 a customer alleged Marc Scudillo, while employed at Securities America, misrepresented and sold unsuitable investments in medical capital. The complaint settled for more than $1,581,000.
  • In 2010 a customer alleged Marc Scudillo, while employed at Securities America, misrepresented and sold an unsuitable investment, and additionally breached his fiduciary duty. The complaint settled for more than $92,831.
  • In 2001 a customer filed a complaint in the Court of Common Pleas of Philadelphia alleging that Marc Scudillo, while employed at 1st Global Capital, committed securities and common law fraud. The complaint additionally alleged Mr. Scudillo negligently misrepresented an investment in mutual funds. The complaint settled for $150,000.

If you have complaints regarding Marc Scudillo, Securities America, or 1st Global Capital, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. If you have lost money, you may be entitled to recoup your losses. All cases are taken on contingency: we only get paid if and when you recover 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.

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