Arbitration Claim Filed Against America Northcoast Securities
Richard Anthony Barone, of Cleveland, Ohio, a stockbroker currently registered with America Northcoast Securities, Inc., has been named in a customer initiated investment related arbitration claim on May 17, 2017, in which the customer requested $250,000.00 in damages based upon allegations against Barone including failure to supervise, unauthorized trading, unsuitability, breach of fiduciary duty and negligence in regard to leveraged exchange traded funds that were effected in the customer’s account between 2015 and 2016.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Barone has been identified in five more customer initiated investment related disputes between August 1, 2016, and April 25, 2017, wherein customers collectively requested $1,872,000.00 in damages based upon allegations that Barone, from 2015 to 2016, negligently managed and supervised the customers’ investment accounts, placed trades in the customers’ accounts without authorization, effected unsuitable leveraged exchanged traded fund transactions, breached fiduciary and contractual obligations to the customers, violated FINRA Rules, and committed fraud in regard to transactions effected in the customers’ investment portfolios.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com