Did you lose money investing with Gregory Mancuso (CRD# 5681691)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Gregory Mancuso. If you suffered losses investing with Gregory Mancuso, 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 March 3, 2023, Gregory Mancuso’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.
Disclosure Events
1 Customer Dispute
1 Regulatory Event
3 Employment Separation After Allegations
April 28, 2021 – An Office of Hearing Officers (OHO) decision became final in which Mancuso was barred from association with any FINRA member in all capacities. The sanction was based on the findings that Mancuso provided false testimony to FINRA during an on-the-record interview. The findings stated that Mancuso falsely denied any involvement in two senior customers’ initial transfers of funds to a Swiss asset management firm. Mancuso also testified he did not know that the first customer agreed to lend $50,000 to a Delaware limited partnership. Mancuso knew about the loan because he acted as the sole connection between the customers and the Swiss and Delaware
Current and Previous Registrations
12/13/2019 – 10/13/2020 CROWDVEST SECURITIES LLC (CRD#:288827) HUTCHINSON ISLAND, FL
08/02/2016 – 11/13/2017 BMA SECURITIES, LLC (CRD#:108219) EL SEGUNDO, CA
04/15/2016 – 08/17/2016 CRAFT CAPITAL MANAGEMENT LLC (CRD#:171350) GARDEN CITY, NY
05/16/2013 – 06/05/2015 BBVA SECURITIES INC. (CRD#:27060) AUSTIN, TX
11/19/2012 – 05/16/2013 BBVA COMPASS INVESTMENT SOLUTIONS, INC (CRD#:17086) AUSTIN, TX
10/01/2012 – 11/06/2012 J.P. MORGAN SECURITIES LLC (CRD#:79) MCALLEN, TX
12/16/2010 – 10/01/2012 CHASE INVESTMENT SERVICES CORP. (CRD#:25574) MISSION, TX
09/21/2009 – 11/19/2010 EDWARD JONES (CRD#:250) HARLINGEN, TX
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 Gregory Mancuso 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.
