Cetera Sued By Customer For Misrepresentation
John Edward Massa of Staten Island New York a stockbroker currently registered with Cetera Investment Services LLC is the subject of a customer initiated investment related civil action in which the customer sought $22,562.01 in damages based upon accusations that misrepresentations had been made to the customer in reference to the terms and conditions of real estate security investments. Civil Action No. MID-L-1812-18 (May 1, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Massa has been identified in two additional customer initiated investment related disputes containing allegations of his misconduct during the time that he was associated with Essex Securities and Capital One Financial Advisors. Specifically, on January 14, 2000, a customer initiated investment related complaint concerning Massa’s activities was settled for $11,703.12 in damages supported by accusations that the customer was not provided information about the risks pertaining to her investment in the Oppenheimer Rochester New York Tax Free Bond Fund.
On February 9, 2009, another customer filed an investment related complaint regarding Massa’s activities where the customer requested $41,636.76 in damages founded on allegations that mutual fund shares had been sold from the customer’s account without the customer being apprised or having consented to the transaction.
FINRA Public Disclosure additionally reveals that Essex National Securities discharged Massa based upon accusations that Massa, inter alia, was subject of customer complaint that alleged Massa to have omitted risks about investments and utilized customer account documentation without authorization.
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