| Read Time: 2 minutes | Securities Account Churning Attorney |

Did Anthony Tricarico Cause You Investment Losses?

Anthony Tricarico of Livingston, New Jersey submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $5,000 and suspended from association with any FINRA member for a period of six months. The sanctions were based on findings that he allegedly engaged in excessive and unsuitable trading in violation of FINRA Rules 2111 and 2010. The suspension is in effect from February 1, 2021, through July 31, 2021.

In March 2010, Anthony Tricarico joined Aegis Capital Corp. while registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing Tricarico’s voluntary termination. According to FINRA’s findings, Tricarico allegedly engaged in excessive and unsuitable trading in three firm customers’ accounts. The findings state that while Tricario exercised de facto control over the accounts, his trading generated high cost-to-equity ratios and turnover rates. In addition to the findings, the customers paid a total of $44,733 in commissions and fees while incurring losses totaling $39,848. Although Anthony Tricarico is no longer registered through or associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction.

Do You Need a New Jersey Securities Account Churning Attorney?

FINRA Rule 2111, requires, among other things, an associated person “to have a reasonable basis for believing that a series of recommended transactions, even if suitable when viewed in isolation, are not excessive and unsuitable for the customer when taken together” in light of the customer’s investment profile. Excessive trading occurs, and is unsuitable, when a registered representative has actual or de facto control over trading in a customer’s account and the level of activity in that account is inconsistent with the customer’s investment needs and objectives. A violation of FINRA Rule 2111 is also a violation of FINRA Rule 2010, which requires associated persons to observe high standards of commercial honor and just and equitable principles of trade.

Are you a Livingston, New Jersey investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your New Jersey stockbroker or investment advisor excessively trade or churn or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly-rated and nationally recognized FINRA arbitration securities churning law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues. 

Free Initial Consultation With Experienced Securities Churning Attorneys Serving Livingston, New Jersey Residents In FINRA Arbitrations

At The Law Offices of Robert Wayne Pearce, P.A.  we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout New Jersey, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.

Se habla español

For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving New Jersey citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via email. 

Author Photo

Robert Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars
Loading...