Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on March 30, 2016 indicate that New York-based Wells Fargo Advisors broker Peter Giannone is the subject of a closed customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Giannone (CRD# 1537055).
Peter Giannone has spent twenty-nine years in the securities industry and has been registered with Wells Fargo Advisors in White Plains, New York since January 2008. Previous registrations include A.G. Edwards & Sons, Incorporated in White Plains, New York (1993-2008) and David Lerner Associates, Incorporated in Syosset, New York (1986-1993). Mr. Giannone is a registered broker in seventeen US states: Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Massachusetts, Nevada, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Utah, and Virginia.
According to his BrokerCheck report, Peter Giannone is the subject of one customer complaint that was closed with no action taken.
In 2008 a customer alleged Peter Giannone, while employed at Wachovia Securities, recommended an unsuitable investment that he assured the customer was safe. The customer sought unspecified damages believed to exceed $5,000 in the complaint, which was closed with no action taken.
Both FINRA rules and federal securities law require brokers like Peter Giannone to recommend only investments that are suitable for their clients: this means investments must be appropriate to a client’s investment goals, experience, age, and many other factors. Brokerage and advisory firms have an additional duty to supervise their representatives and ensure compliance with these regulations. Brokers and firms who fail to recommend suitable investments or supervise their representatives may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have suffered losses while investing with Peter Giannone, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.