Did you lose money investing with Christopher Tranchina (CRD# 5657849)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Christopher Tranchina. If you suffered losses investing with Christopher Tranchina, 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 September 7, 2020, Christopher Tranchina’s FINRA BrokerCheck Report contains the following:
Christopher Tranchina’s Disclosure Events
1 Regulatory Event(s)
See FINRA Disciplinary Proceeding No. 2018058588501 Complaint
1 Employment Separation After Allegations
UPDATE 9/7/2020: According to FINRA’s August 2020 Disciplinary Actions: “Christopher Peter Tranchina (CRD #5657849, Neptune, New Jersey) June 29, 2020 – Tranchina was named a respondent in a FINRA complaint alleging that he committed conversion by taking files with the intent to deprive his former member firm and/or its affiliated insurance company of them. The complaint alleges that hours after being fired by the firm and being instructed not to return to the office, Tranchina broke into his locked office and stole client-related files belonging to the firm and the affiliate insurance company. The files that Tranchina stole related to firm clients and prospective clients, and he had no authorization or right to take them. Tranchina accessed this information, which included firm customer names, addresses, telephone numbers and email addresses, in an effort to take these customers with him to a new firm. The complaint also alleges that Tranchina willfully failed to amend his Form U4 to disclose that he was criminally charged with theft by unlawful taking due to his breaking-and-entering and theft of firm files. (FINRA Case #2018058588501)
Current and Previous Registrations
07/06/2018 – PRESENT CHELSEA FINANCIAL SERVICES (CRD#:47770) STATEN ISLAND, NY
06/08/2009 – 05/18/2018 HORNOR, TOWNSEND & KENT, INC. (CRD#:4031) EDISON, NJ
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 Christopher Tranchina 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.
