A recent New York Times article shined the spotlight on another sad tale of a stockbroker who mishandled his clients’ accounts.
According to the article, stockbroker Jerry A. Cicolani Jr. was the subject of 69 customer complaints over the course of 13 years before he was finally barred from the industry by FINRA in September 2014. The SEC has also sued Mr. Cicolani for his role in a Ponzi scheme, and the FBI also charged Mr. Cicolani for selling unregistered securities, causing 39 investors to lose roughly $7 million, according to the article. Numerous customers have filed claims against Cicolani that are currently pending in FINRA arbitration.
Fishman Haygood attorneys have successfully represented numerous investors against their stockbrokers and their brokerage firms in FINRA arbitrations.
To view the article, follow this link to the New York Times.
Fishman Haygood 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 lawyer today.