financial fraud

Theodore Allocca Jr. of Woodbury New York a stockbroker currently employed by Trident Partners Ltd. is the subject of a customer initiated investment related arbitration claim where the customer sought $370,486.00 in damages founded on accusations that common and preferred stock transactions executed in the customer’s account were not suitable for the customer given the customer’s financial circumstances or objectives for investing. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00195 (Mar. 23, 2018).

FINRA Public Disclosure confirms that Allocca is referenced in two more customer initiated investment related disputes pertaining to allegations of his violative conduct while employed with Comprehensive Capital Corp. and Trident Partners Ltd. Particularly, a customer initiated investment related complaint concerning Allocca’s conduct was settled for $350,000.00 in damages based upon accusations that fiduciary duties owed to the customer had been breached; and misrepresentations were made to the customer concerning the stocks held in the customer’s investment portfolio while Allocca was associated with Comprehensive Capitol.

Thereafter, a customer initiated investment related arbitration claim concerning Allocca’s activities was resolved for $65,000.00 in damages supported by allegations that the customer was placed in bad stock and over-the-counter equities investments by Allocca; and the customer suffered unwarranted losses on the investments Allocca placed in the customer’s account. FINRA Arbitration No. 15-02510 (Nov. 21, 2016).

Allocca has been registered with Trident Partners Ltd. since December 13, 2001. Two of the five securities broker dealers Allocca has been associated with have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.

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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.

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