BROKER REPORT: Aegis’ Robert Guidicipietro

12234_corporate_blurThe investment and securities fraud attorneys at Malecki Law are interested in hearing from investors who have complaints regarding Aegis Capital Corp. financial advisor Robert Guidicipietro.

According to his BrokerCheck report maintained by the Financial Industry Regulatory Authority (“FINRA”), Mr. Guidicipietro was most recently with JP Turner and Obsidian Financial prior to moving to Aegis Capital in 2012. According to industry records, Obsidian was expelled by FINRA in 2013, not long after Mr. Guidicipietro left the firm.

Mr. Guidicipietro has at least nine reportable disclosures on his FINRA record, including a civil judgment/lien, multiple customer disputes, multiple regulatory events and an “employment separation after allegations.”

In 1995, his broker-dealer Gruntal & Co reported that Mr. Guidicipietro was permitted to resign by the firm citing “violations of firm policy” per Mr. Guidicipietro’s BrokerCheck Report.

In 1997, FINRA records indicate that Mr. Guidicipietro was the subject of both a customer dispute and a regulatory event. Mr. Guidicipietro was reportedly accused of unauthorized trading by a customer and of “unauthorized transactions, failure to execute sell orders, and fraud” by the Missouri Secretary of State/Securities Division, per FINRA.

The following year, in 1998, Mr. Guidicipietro was accused by a customer of unauthorized transactions among other things, which resulted in damages of $20,000 being granted, according to Mr. Guidicipietro’s BrokerCheck.

In 2000, FINRA records indicate that Mr. Guidicipietro was sanctioned by the NASD (now FINRA) and suspended.

That same year, FINRA reports that Mr. Guidicipietro was again accused of performing unauthorized trading by a customer.

In 2007, Mr. Guidicipietro was named in a customer arbitration stemming from suitability violations and allegations of securities fraud, among others, according to FINRA.

In 2013, Mr. Guidicipietro was reportedly the subject of a civil judgment/lien in the amount of $8,000.00 and filed for bankruptcy, per FINRA. However, FINRA reports that Mr. Guidicipietro’s request for bankruptcy was formally dismissed as he “did not qualify.”

The attorneys at Malecki Law are regularly contacted by and regularly represent individuals who have lost money in connection with inappropriate securities transactions, including unauthorized trading and unsuitable investment recommendations, by financial advisors/stockbrokers.