Hennion Walsh Sued By Investors For Unsuitable Bond Recommendations
Marc S. Strafaci (also known as Marr S. Strafari) of Parsippany New Jersey a stockbroker employed by Hennion Walsh Inc. has been identified in a customer initiated investment related arbitration claim which was settled to resolve accusations that municipal bond trades which were purchased by Strafaci in the customer’s Hennion Walsh account failed to be suitable and had resulted in the customer’s losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00851 (Apr. 4, 2019).
FINRA Public Disclosure indicates that Strafaci is the subject of two more customer initiated investment related disputes pertaining to allegations of his bad business practices while employed by securities broker dealers including Hennion Walsh. On May 19, 2015, a customer initiated investment related arbitration claim pertaining to Strafaci’s conduct was settled for $84,000.00 in damages supported by allegations that the customer incurred unreasonable losses because of the stockbroker’s bad municipal debt investment recommendations at Hennion Walsh. FINRA Arbitration No. 14-01303.
Strafaci is also referenced in a customer initiated investment related arbitration claim which was resolved for $83,000.00 in damages based upon accusations that the Hennion Walsh customer was poorly advised by Strafaci and had sustained unwarranted losses on municipal bonds. FINRA Arbitration No. 16-01361 (Aug. 17, 2017).
Strafaci has been registered with Hennion Walsh since August 22, 2008.