Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 8, 2017 indicate that former Connecticut-based LPL Financial broker/adviser Robert Tricario was recently sanctioned by the US Securities and Exchange Commission. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Tricario (CRD# 1500863).
Robert Tricario has spent 22 years in the securities industry and was most recently registered with LPL Financial in Westport, Connecticut (2011-2015). Previous registrations include Wells Fargo Advisors Financial Network in Westport, Connecticut; Citigroup Global Markets in Westport, Connecticut; Merrill Lynch in New York, New York; and First Associated Financial Group. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received two customer complaints and three regulatory sanctions.
In April 2017 the SEC sanctioned him in connections to finding he “pled guilty in the United States District Court for the District of Connecticut to one count of wire fraud in violation of Title 18 United States Code, Section 1343 in the criminal action of United States v. Tricarico, 3:16-CR-001119” and was “sentenced to a term of imprisonment of forty-one months, to be followed by a three-year period of supervised release.” That plea was in connection to charges that, among other things: “At all times relevant, Tricarico acted as a financial advisor for a victim, E.A., who was elderly and required extensive medical attention. E.A. entrusted her financial affairs to Tricarico. E.A. had inherited a significant amount of money. Tricarico assisted E.A. with paying her bills, including her medical and home health aide expenditures. E.A. passed away on or around October 7, 2013; From on or around January 19, 2010, to on or around December 12, 2012, Tricarico wrote or caused to be written numerous checks from E.A.’s bank accounts to himself or a family member totaling $1,152, 850.00. These funds came from E.A.’s inheritance and liquid assets, but also from a reverse mortgage on E.A.’s home that Tricarico helped obtain; In addition, Tricarico wrote or caused to be written checks out of E.A.’s bank accounts totaling $59,660.00 to pay for rent and a security deposit for Tricarico’s home in Darien.” He was barred from acting as a broker or investment adviser or otherwise associating with firms that sell securities or provide investment advice to the public.
In 2015 a customer alleged Robert Tricario, while employed at LPL Financial, misrepresented and recommended unsuitable investments. the complaint settled for more than $140,000.
In 2015 a customer alleged Robert Tricario, while employed at LPL Financial, failed to explain surrender charges and misrepresented fixed indexed annuities. The complaint settled for more than $15,200.
In 2015 a customer alleged Robert Tricario, while employed at Wells Fargo Financial Network and LPL Financial, mismanaged and misappropriated assets. The complaint settled for $390,000.
If you or someone you know has lost money investing with Robert Tricario, 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.