National investment loss lawyers KlaymanToskes is investigating SW Financial and several of the firm’s former stock brokers, Vincenzo Trimaldi, David Alvarado, and John Girgis, in connection with the filing of a complaint by multiple customers, who allege $10.3 million in collective damages due to unsuitable, unauthorized investments and excessive trading/commissions, as well as negligence.
All three brokers were previously registered with SW Financial in New York, NY. Each has since ended their registration with the Financial Industry Regulatory Authority (“FINRA”) and SW Financial. The $10.3 million pending complaint relates to investments in common & preferred stock.
If you suffered investment losses with Vincenzo E. Trimaldi, David E. Alvarado, and/or John N. Girgis or any other broker at SW Financial, contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Vincenzo E. Trimaldi has two additional customer complaints disclosed. One customer alleges Unsuitable investments, churning, failure to supervise, and negligence, along with damages of $510,152.82. Trimaldi’s additional customer complaint alleges damages of $388,517 and churning, excessive commissions, unauthorized trading, unsuitability, negligence, breach of contract, and fraud. The broker’s license with SW Financial was terminated on March 21st, 2023.
The FINRA BrokerCheck report of former SW Financial broker David E. Alvarado discloses that he has an additional customer complaint pending in addition to a reduced criminal charge. Alvarado’s customer complaint alleges damages of $59,602.15 and churning, excessive commissions, unauthorized trading, unsuitability, negligence, breach of contract, and fraud. His license with SW Financial ended on March 21st, 2023.
Former SW Financial broker John N. Girgis has four additional customer complaints pending. Two complaints are pending and allege damages of $210,180.83 and $411,740.00, respectively. Both complaints allege churning, unsuitability, and negligence, among other violations. A settled complaint against Girgis alleged excessive commissions and was settled in favor of the investor for $9,999. A denied complaint alleged unauthorized trading and unauthorized use of margin.
KlaymanToskes believes a FINRA arbitration claim is generally the best solution for investors that have sustained realized or unrealized losses at the hands of their full-service brokerage firms. FINRA arbitration is usually the most cost-effective process for investors seeking to recover investment losses, often occurring with the added benefit of increased efficiency over a court proceeding.
KlaymanToskes can help you determine if you should bring a FINRA arbitration claim against your brokerage firm and/or financial advisor. Contact attorney Lawrence L. Klayman, Esq., at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation.
Our firm offers legal services on a contingency fee basis, meaning we do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com