Investors Bring FINRA Arbitration Claim Against Joseph Stone For Churning
Peter Joseph Mirenda of New York New York a stockbroker currently registered with Joseph Stone Capital LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $216,000.00 in damages founded on allegations that trades were effected in the customer’s account on an excessive basis and that securities laws were violated on a state and federal level when Mirenda was associated with Joseph Stone Capital. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02476 (Aug. 11, 2020).
Mirenda has been identified in five more customer initiated investment related disputes containing accusations of his misconduct while he was employed by LH Ross, First Midwest Securities Inc. and JP Turner Company. FINRA Public Disclosure reveals that a customer initiated investment related complaint concerning Mirenda’s conduct was settled for $9,000.00 in damages based upon allegations of losses due to a private placement transaction at LH Ross.
Mirenda is referenced in another customer initiated investment related written complaint which was resolved for $45,000.00 supported by accusations that unauthorized trades were executed in the customer’s account by the stockbroker while he was registered with JP Turner Company. The complaint also alleges that Mirenda failed to comply with the commission schedule relating to his trading in the customer’s account.
Another customer initiated investment related arbitration claim concerning Mirenda’s conduct was settled for $43,750.00 in damages founded on allegations that the customer had been defrauded and that a fiduciary duty which was owed to the customer had been breached. According to the complaint, misrepresentations were made to the customer. The claim also alleges that the customer’s losses were caused by negligence and through the stockbroker effecting transactions on an excessive and unsuitable basis.
Mirenda is the subject of a customer initiated investment related written complaint in which the customer sought $200,000.00 in damages based upon accusations that misrepresentations had been made to the customer by Mirenda during the time that Mirenda was associated with First Midwest Securities Inc. Another customer filed an investment related complaint involving Mirenda’s conduct where the customer requested $200,000.00 in damages supported by allegations that Mirenda invested the First Midwest Securities customer in inappropriate over-the-counter equities which led the customer to sustain losses.
Mirenda has been employed by Joseph Stone Capital LLC since February 26, 2013. Since April 30, 2002, he has been associated with nine different securities broker dealers, three of which have been expelled by regulators for violation of federal securities laws or are otherwise defunct.