National investment loss lawyers KlaymanToskes reports Rocco Guidicipietro (CRD# 2489732) of Alexander Capital, L.P., is facing a pending customer complaint which alleges $2,625,000 in damages. The customer further alleges causes of action including intentional fraud, fraudulent concealment, and breach of contract.
According to FINRA BrokerCheck, Rocco Gerard Guidicipietro is currently registered as a broker with Alexander Capital, L.P. in Red Bank, NJ. He also serves as Alexander Capital’s Chief Compliance Officer (CCO) and has four public disclosures, including three customer complaints.
Investors that suffered losses with Rocco Guidicipietro and/or any other broker at Alexander Capital may have recovery options. Contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to Alexander Capital’s FINRA BrokerCheck record, the firm has been involved in six regulatory events. In 2019, the firm consented to FINRA sanctions of a censure and $45,000 fine due to findings that it conducted a securities business while below its net capital requirement. FINRA’s investigation also noted the firm’s record-keeping violations and submission of inaccurate FOCUS reports, as well as an unapproved material change in business operations.
In another regulatory matter, Alexander Capital was ordered to pay disgorgement of $193,774.86, prejudgment interest of $23,436.78, and civil penalties of $193,774.86, by the Securities and Exchange Commission (“SEC”). The SEC found that from 2012 through 2014, Alexander Capital failed to implement certain policies and procedures which “permitted a lax compliance environment in which three registered representatives (RRs) were not reasonably monitored or disciplined, procedures were not followed, and indications of potential misconduct were not acted upon by the supervisors of the three RRs”.
As a result, the SEC found that Alexander Capital and its representatives “violated the antifraud provisions of the federal securities laws in their handling of customer accounts without anyone at the firm preventing or detecting their violations. Among other misconduct, the three RRs made unsuitable investment recommendations to their customers, churned their customers’ accounts and engaged in unauthorized transactions.”
Investors that suffered losses at Alexander Capital may have recovery options. Contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss legal options. 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