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Former Blackbook Capital, IAA Financial, and Legend Securities Broker Consents to FINRA Fine and Suspension Regarding Unsuitable Trades

Philip Fatta (Philip Orezio Fatta) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Investment Fraud Lawyers are currently investigating possible claims against stockbroker Philip Fatta.

In May 2018 Philip Fatta was fined $5,000 and suspended for 4 months from practicing as a broker. Philip Fatta worked for Spartan Capital Securities, LLC in New York, NY from May 2016 to February 2017.

Philip Fatta was previously associated with Blackbook Capital, LLC, IAA Financial, LLC, and Legend Securities, Inc. and Brookstone Securities, Inc., among others broker-dealers .

FINRA alleges that Philip Fatta engaged in the following misconduct: engaged in quantitatively unsuitable trading in a customer account in violation of FINRA Rules 2111 and 2010.

Philip Fatta has been suspended for failing to pay two substantial arbitration awards that were rendered against him in FINRA arbitrations. In July 2006, the NASD (now FINRA) settled another claim with Fatta in which he was alleged to have improperly altered five account transfer forms and charged unreasonable and excessive commissions.

Philip Fatta has been the subject of at least 10 customer disputes.

If you invested money through Philip Fatta, we would like to talk to you. Fishman Haygood Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.

Fishman Investment Fraud Lawyers represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood Investment Fraud lawyer today.

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