Aegis Capital Sued By Investors For Failure To Execute
Robert Anthony Guidicipietro (also known as Robert A. Peters) of Holmdel New Jersey a stockbroker formerly registered with Aegis Capital Corp. is referenced in a customer initiated investment related written complaint which was resolved for $36,272.00 on September 6, 2018 founded on allegations that the customer’s stop loss order had been disregarded by Guidicipietro during the time that he was employed by Aegis Capital Corp.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Guidicipietro is referenced in five additional customer initiated investment related disputes pertaining to accusations of his misconduct during the period that he was associated with State Street Capital Markets Corporation, J.P. Turner Company LLC and Aegis Capital Corp. Specifically, a customer initiated investment related arbitration claim concerning Guidicipietro’s conduct was settled for $77,418.75 in damages based upon allegations including negligence, breach of contract, breach of fiduciary duty, fraud, unauthorized trading, failure to execute, and fraud.
Guidicipietro is also subject of a customer initiated investment related arbitration claim in which the customer has been awarded $8,400.00 in damages based upon Guidicipietro being found liable for trading in the customer’s account without the customer’s consent. Additionally, a customer initiated investment related arbitration claim regarding Guidicipietro’s activities was resolved for $1,665,000.00 in damages supported by accusations that transactions failed to be executed according to the customer’s instructions; contractual and fiduciary obligations to the customer had been breached; unfounded statements were made regarding investments; transactions were unsuitable for the customer; and private equity investments had been fraudulent effectuated.
Thereafter, a customer initiated investment related arbitration claim involving Guidicipietro’s conduct was settled for $14,999.00 in damages founded on allegations that fiduciary obligations to the customer had been breached; investment recommendations were not suitable; and the customer fell victim to fraudulent activities. FINRA Arbitration No. 17-00477 (Sept. 25, 2017).
Guidicipietro’s registration with Aegis Capital Corp. has been terminated as of December 7, 2018. He has been employed by Arive Capital Markets since December 12, 2018.