Nicola Ottavio Caporaso of Melville New York a stockbroker formerly registered with MML Investors is referenced in a customer initiated investment related written complaint which was resolved for $20,000.00 on January 26, 2018 supported by allegations that (1) Caporaso inappropriately advised customers to surrender their annuity investments and use the proceeds for managed account investments and (2) Caporaso utilized documents containing forged customer signatures to effect transactions in the customer’s accounts.

Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that Caporaso is the subject of a customer initiated investment related written complaint on March 15, 2017 where the customer requested $25,000.00 in damages founded on accusations that the customer’s signature was forged on whole life insurance documentation that was submitted to the company in the course of applying for a policy in the customer’s name.

Caporaso’s registration with MML Investors Services has been terminated as of April 19, 2017. He became employed by Equity Services Inc. on December 23, 2018. Since January 24, 2003, Caporaso has been associated with eight different broker dealers. Caporaso’s first four broker dealer employers, Harrison Securities Inc., Benson York Group Inc., First Hudson Financial Group, Inc., and Ehrenkrantz King Nussbaum Inc., have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.

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

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)


%d bloggers like this: