National investment loss lawyers KlaymanToskes is investigating John Franzino (CRD# 4734949) of J&M Financial Services and NYLIFE Securities in connection with the filing of a customer complaint alleging investor damages due to forgery and claims that the customer did not sign, consent, or participate in the application process naming him and using his company bank account.
Investors that suffered losses with John Franzino may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, John P. Franzino is currently registered as a broker with Ameritas Investment Company, and is also doing business as J&M Financial Services in Massapequa, NY. Franzino was previously registered with NYLIFE Securities in Melville, NY.
John Franzino was also previously registered with MML Investors Services and MSI Financial Services in Massapequa, NY. Franzino is facing a pending customer complaint which alleges damages to the investor related to 14 life insurance policies purchased. The customer alleges forgery and that he did not sign, consent, or participate in the application process naming him and using his company bank account.
Brokerage firms and their brokers/financial advisors have a fiduciary responsibility to provide their customers with suitable investment advice that is in the customers’ best interest which meets their investment needs/goals.
Investors that have suffered losses as a result of their advisor’s violations of securities rules may hold their brokerage firm and financial professional liable through a FINRA arbitration claim.
Firms and their registered representatives may be liable for a breach of fiduciary duty and/or failure to supervise in the event of non-compliance with the securities industry standards of care for the handling of customer accounts. Investors can learn more about securities violations by visiting our account activity violations and account related violations pages.
Contact KlaymanToskes today at (888) 997-9956 or lawrence@klaymantoskes.com to learn more about the FINRA arbitration process and to discuss recovery options. Consultations are free and we offer legal services on a contingency basis, meaning we do not collect attorney’s fees unless we are able to obtain a 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
lawrence@klaymantoskes.com
www.klaymantoskes.com