Craig Landon Siegel of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified compensatory damages supported by accusations that between July of 2013 and August of 2017: (1) the customer’s account was churned (2) the customer’s account was handled in a negligent manner (3) the contract governing the customer’s accounts was breached (4) fiduciary duties owed to the customer had been breached (5) regulatory rules were violated in connection with the transactions executed in the customer’s account and (6) unsuitable over-the-counter equities and stock recommendations were made to the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03491 (Oct. 22, 2018).

FINRA Public Disclosure confirms that Siegel has been identified in three additional customer initiated investment related disputes containing allegations of his misconduct while employed with Portfolio Advisors Alliance Inc. Particularly, a customer initiated investment related arbitration claim concerning Siegel’s activities was resolved for $20,000.00 in damages based upon accusations that the customer’s account lacked supervision; unauthorized trades were executed in the customer’s account; fiduciary duties were breached; speculative and unsuitable transactions had been effected in the customer’s account; the customer’s account was churned; and the customer had been defrauded; all claims in regard to the activities in the customer’s account between June of 2013 and November 2015. FINRA Arbitration No. 16-00037 (Aug. 11, 2017).

Thereafter, a customer filed an investment related arbitration claim regarding Siegel’s conduct in which the customer requested $240,463.93 in damages founded on allegations of the failure to supervise; control person liability; negligence; misrepresentation; breach of contract; unsuitable concentration; and unsuitable investment recommendations concerning the customer’s equity portfolio between January of 2014 and December of 2015. FINRA Arbitration No. 16-02143 (Aug. 2, 2016).

Another customer filed an investment related arbitration claim concerning Siegel’s activities where the customer sought $99,300.56 in damages supported by accusations of excessive and unsuitable trades being effected in the customer’s account; churning of the customer’s investment portfolio; and the firm failing to supervise Siegel’s over-the-counter equities trades in the customer’s investment account between July of 2013 and December of 2016. FINRA Arbitration No. 18-01471 (Apr. 30, 2018).

Siegel’s registration with Portfolio Advisors Alliance LLC has been terminated as of August 27, 2018. Siegel’s only other brokerage firm employer, John Thomas Financial, was expelled from FINRA membership on January 6, 2016 based upon the firm failing to pay a fine FINRA assessed to the firm in an Extended Hearing Panel Decision containing findings that the firm traded ahead of customer orders; conduct violative of FINRA Rules 2010 and 5230. Department of Enforcement v. John Thomas Financial Inc. et al. Disciplinary Proceeding No. 20120334673-01 (Jan. 9, 2015).

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely 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 confidential 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

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)