Vincent Jerome Camarda of Staten Island New York a stockbroker formerly registered with LPL Financial LLC has been named in an investment related arbitration claim where the customer requested $350,000.00 in damages based upon allegations that the customer was inappropriately steered towards purchasing a variable annuity while Camarda was employed with LPL Financial. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02826 (Aug. 14, 2018).

FINRA Public Disclosure reveals that Camarda has been identified in fourteen more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with LPL Financial and Ameriprise Financial Services, Inc. Specifically, on April 4, 2005, a customer initiated investment related complaint concerning Camarda’s activities was settled for $17,762.00 in damages based upon allegations of excessive commissions and omissions of sales charges. On July 12, 2005, a customer initiated investment related complaint involving Camarda’s activities was settled for $14,341.68 in damages supported by allegations that unsuitable investment recommendations had been made by Camarda, and that information about the terms and risks of stocks were not disclosed by Camarda at the time that investment strategies were implemented.

Subsequently, a customer initiated investment related arbitration claim concerning Camarda’s conduct was resolved for $33,000.00 in damages based upon accusations that Camarda advised the customer to purchase mutual funds products that were overly risky and inappropriate for the customer. National Association of Securities Dealers (NASD) Arbitration No. 05-00880 (June 29, 2005). Another customer initiated investment related complaint pertaining to Camarda’s activities was settled on August 8, 2005 to resolve allegations that omissions had been made concerning tax consequences of withdrawing monies from the variable annuity purchased by the customer. Thereafter, a customer filed an investment related complaint concerning Camarda’s activities in which the customer sought $70,000.00 in damages based upon accusations that Camarda executed mutual fund trades in the customer’s account on an excessive basis, and placed the customer in investments which were inappropriate.

Moreover, on September 19, 2005, Camarda was referenced in a customer initiated investment related complaint where the customer requested more than $5,000.00 in estimated damages supported by allegations that the customer was not provided reasonable information concerning the requirements of future premium payments on a variable universal policy sold to the customer. Then, on April 29, 2010, a customer filed an investment related complaint regarding Camarda’s conduct in which the customer sought $140,000.00 in damages based upon accusations that the customer incurred investment losses because Camarda mishandled the customer’s account.

Additionally, on January 23, 2014, a customer filed an investment related written complaint involving Camarda’s activities where the customer requested damages estimated to exceed $5,000.00 based upon allegations of Camarda’s failure to execute the customer’s investment instructions; and misrepresentations of the value of the customer’s equity holdings at a time when the customer expressed concerns about account losses.

Camarda has been associated with Traderfield Securities Inc. since January 9, 2019.

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.

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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.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

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