Did you lose money investing with Gene Mancinelli (CRD# 1590679)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Gene Mancinelli. If you suffered losses investing with Gene Mancinelli, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of December 30, 2022, Gene Mancinelli’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm. The SEC has barred this individual from acting as a broker or otherwise associating with firms that sell securities to the public.
Disclosure Events
2 Customer Disputes
1 Civil Disclosure
June 17, 2022 – An AWC was issued in which Mancinelli was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Mancinelli consented to the sanction and to the entry of findings that he failed to appear for on-the-record testimony requested by FINRA after his member firm filed a Statement of Claim with FINRA Dispute Resolution against customers of the firm. (FINRA Case #2021070418201)
Current and Previous Registrations
06/02/2009 – 04/05/2010 WILMINGTON CAPITAL SECURITIES, LLC (CRD#:133839) NEW YORK, NY
08/25/2008 – 05/28/2009 J GIORDANO SECURITIES GROUP (CRD#:104063) NEW YORK, NY
06/30/2008 – 09/02/2008 WILMINGTON CAPITAL SECURITIES, LLC (CRD#:133839) GARDEN CITY, NY
09/07/2007 – 06/17/2008 JESUP & LAMONT SECURITIES CORP (CRD#:39056) NEW YORK, NY
FINRA expelled the firm on 11/04/2010
08/18/2006 – 09/21/2007 EKN FINANCIAL SERVICES INC. (CRD#:113525) NEW YORK, NY
FINRA expelled the firm on 10/12/2012
06/15/2005 – 08/17/2006 TRADITION ASIEL SECURITIES INC. (CRD#:28269) NEW YORK, NY
08/20/2004 – 05/13/2005 MEYERS ASSOCIATES, L.P. (CRD#:34171) NEW YORK, NY
FINRA expelled the firm on 05/29/2018
10/11/2002 – 09/16/2004 SKY CAPITAL LLC (CRD#:114657) NEW YORK, NY
FINRA expelled the firm on 04/13/2009
05/08/2002 – 11/04/2002 ORMES CAPITAL MARKETS, INC. (CRD#:32351) NEW YORK, NY
03/09/2001 – 05/08/2002 WALL STREET ACCESS (CRD#:10012) NEW YORK, NY
01/08/1999 – 03/12/2001 INVESTEC ERNST & COMPANY (CRD#:266) NEW YORK, NY
01/01/1997 – 01/19/1999 STUART, COLEMAN & CO., INC. (CRD#:8642) NEW YORK, NY
01/23/1994 – 05/21/1996 GRUNTAL & CO. INCORPORATED (CRD#:372) NEW YORK, NY
12/01/1992 – 01/01/1994 REICH & CO., INC. (CRD#:19611)
06/12/1987 – 12/01/1992 REICH & CO., INC. (CRD#:3148)
02/06/1987 – 05/29/1987 FRANK HENJES & COMPANY, INC. (CRD#:7168)
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Gene Mancinelli and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.