Did you lose money investing with Vincent Bruno (CRD# 1845833)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Vincent Bruno. If you suffered losses investing with Vincent Bruno, 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 June 22, 2020, Vincent Bruno’s FINRA BrokerCheck Report contains the following:
Disclosure Events
4 Customer Dispute(s)
2 Regulatory Event(s)
UPDATE 4/11/2020: According to FINRA’s February 2020 Disciplinary Actions: “Aeon Capital Inc. (CRD #164004, Middletown, New Jersey) and Vincent Michael Bruno (CRD #1845833, Middletown, New Jersey) December 10, 2019 – An AWC was issued in which the firm was censured, fined $45,000, of which $10,000 is joint and several with Bruno, required to retain one or more qualified independent consultants to conduct a comprehensive review of the adequacy of its compliance with FINRA Rule 3170 (the Taping Rule) and required to comply voluntarily with the Taping Rule for an additional 18 months. Bruno was fined $10,000, jointly and severally with the firm, and suspended from association with any FINRA member in any principal capacity for 30 business days. Without admitting or denying the findings, the firm and Bruno consented to the sanctions and to the entry of findings, that the firm failed to comply with the Taping Rule, failed to reasonably enforce its Taping Rule procedures, and later, that the firm and Bruno failed to enforce its revised Taping Rule WSPs. The findings stated that the firm’s WSPs were not reasonably designed to ensure compliance with the Taping Rule and, in any event, the firm failed to tape all conversations as required under the Taping Rule. When the firm revised its Taping Rule WSPs, Bruno became the designated principal responsible for implementing them; however, the firm and Bruno failed to enforce it. As a result, the firm failed to record all telephone conversations between its registered persons and its existing and potential customers. The suspension is in effect from January 6, 2020, through February 18, 2020. (FINRA Case #2017052480101)”
Current and Previous Registrations
04/25/2018 – PRESENT AEON CAPITAL INC (CRD#:164004) MIDDLETOWN, NJ
03/30/2015 – PRESENT SPENCER-WINSTON SECURITIES CORPORATION (CRD#:8300) NEW YORK, NY
01/30/2018 – 05/04/2018 WYNSTON HILL CAPITAL, LLC (CRD#:103811) Shrewsbury, NJ
05/11/2015 – 07/06/2015 GLOBAL ARENA CAPITAL CORP (CRD#:16871) NEW YORK, NY
FINRA expelled the firm on 01/04/2016
09/02/2014 – 12/09/2014 PHX FINANCIAL, INC. (CRD#:144403) NEW YORK, NY
05/13/2014 – 06/27/2014 SPENCER-WINSTON SECURITIES CORPORATION (CRD#:8300) NEW YORK, NY
02/08/2013 – 06/24/2013 CHARLES VISTA LLC (CRD#:132650) STATEN ISLAND, NY
FINRA expelled the firm on 01/02/2014
09/04/2009 – 08/21/2012 SPARTAN CAPITAL SECURITIES, LLC (CRD#:146251) NEW YORK, NY
11/18/2005 – 09/30/2009 GARDEN STATE SECURITIES, INC. (CRD#:10083) WALL TWP, NJ
07/01/2002 – 11/09/2005 THE CONCORD EQUITY GROUP, LLC (CRD#:14569) ISELIN, NJ
05/08/1998 – 06/28/2002 EARLYBIRDCAPITAL, INC. (CRD#:28629) MELVILLE, NY
01/13/1992 – 09/17/2001 GKN SECURITIES CORP. (CRD#:19415) NEW YORK, NY
05/08/1998 – 01/25/2001 SHOCHET SECURITIES INC. (CRD#:8275) BOCA RATON, FL
03/20/1990 – 01/13/1992 PARAGON CAPITAL CORPORATION (CRD#:18555) EAST HANOVER, NJ
FINRA expelled the firm on 02/26/2004
03/20/1990 – 04/05/1990 NEWBRIDGE SECURITIES INC. (CRD#:15387) NEW YORK, NY
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 Vincent Bruno 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.
