Walter Marino – Investor Alert
Galvin Legal is launching an investigation on behalf of investors who may have suffered losses investing with Walter Marino. If you suffered losses investing with Walter Marino, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Walter Marino (CRD# 2121623)
As of January 24, 2017, Walter Marino’s FINRA BrokerCheck Report contains the following:
Disclosure Events
7 Customer Dispute(s)
3 Employment Separation After Allegations
10/20/2016 – Discharged from Lincoln Investment
Allegations: Advisor made an unsuitable recommendation to a client to fully surrender an annuity without knowing the surrender fees that would be incurred by the clients. Firm stopped the transaction and the annuity contract was reinstated, with no harm to client. Rep was on heightened supervision at Lincoln due to his termination from his prior firm for annuity-related violations of firm policy.
7/30/2015 – Discharged from Legend Equities Corporation
Allegations: FIRM DISCOVERED WHAT REP. REPRESENTED AS A NON-REPLACEMENT VA SALE WAS IN FACT A REPLACEMENT.
Broker Comment: I am denying the claim of being discharged due to violating the firms replacement policy. I am not aware of any violation and don’t have any details regarding any replacement violation procedures.
8/21/2001 – Voluntary Resignation from Brill Securities Inc.
Allegations: CLAIMANT CONTENDS THAT RR ENGAGED IN UNAUTHORIZED TRADING ACTIVITY AND DISREGARDED CLAIMANTS INVESTMENT OBJECTIVES,10/20/2000 THRU 10/24/2001
Previous Registrations
11/10/2016 – 12/05/2016 BENJAMIN SECURITIES, INC. (CRD#:7754) – HAUPPAUGE, NY
10/09/2015 – 10/27/2016 LINCOLN INVESTMENT (CRD#:519) – Dix Hills, NY
08/21/2015 – 09/11/2015 PLANMEMBER SECURITIES CORPORATION (CRD#:11869) – FARMINGVILLE, NY
07/24/2002 – 08/11/2015 LEGEND EQUITIES CORPORATION (CRD#:30999) – BOHEMIA, NY
12/21/2001 – 07/23/2002 EHRENKRANTZ KING NUSSBAUM, INC. (CRD#:113525) – MELVILLE, NY
FINRA expelled the firm on 10/12/2012
10/23/2001 – 12/21/2001 EHRENKRANTZ KING NUSSBAUM (CRD#:31140) – NEW YORK, NY
10/24/2000 – 08/21/2001 BRILL SECURITIES, INC. (CRD#:18565) – NEW YORK, NY
02/04/1999 – 11/02/2000 BERRY-SHINO SECURITIES, INC. (CRD#:38098) – SCOTTSDALE, AZ
07/24/1997 – 11/03/1998 THE J.B. SUTTON GROUP, LLC (CRD#:16191) – MELVILLE, NY
01/14/1997 – 07/08/1997 H G I (CRD#:14079) – JERICHO, NY
FINRA expelled the firm on 08/13/1999
02/02/1995 – 12/20/1996 STRATTON OAKMONT INC. (CRD#:18692) – LAKE SUCCESS, NY
FINRA expelled the firm on 06/29/1998
06/01/1994 – 08/30/1994 WESTFIELD FINANCIAL CORPORATION (CRD#:8143) – NEW YORK, NY
FINRA expelled the firm on 04/15/1996
03/07/1994 – 05/16/1994 FIRST HANOVER SECURITIES, INC. (CRD#:14469) – STATEN ISLAND, NY
09/27/1993 – 02/24/1994 PAINEWEBBER INCORPORATED (CRD#:8174) – WEEHAWKEN, NJ
FINRA requires brokerage firms 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. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Walter Marino and would like a free consultation with a securities attorney, then please call Galvin Legal at 1-800-405-5117.
Galvin Legal is a national securities arbitration, mediation, fraud, and investor protection law practice. For more information on Galvin Legal, please visit www.galvinlegal.com or call 1-800-405-5117.