The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Anthony Mastroianni. According to his publicly available FINRA BrokerCheck report, Anthony Mastroianni has been the subject of multiple customer disputes.

Anthony Mastroianni was a New York-based securities broker. He worked in the securities industry for twelve years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Joseph Stevens & Company (2004-2008)
  • National Securities Corporation (2008-2009)
  • J.P. Turner & Company (2009-2012)
  • Alexander Capital (2012-2013)
  • Meyers Associates (2013-2016)

The Allegations 

  • In July 2015, a customer alleged that Anthony Mastroianni churned and overall mishandled their account. This case was settled for $60,000 in damages.
  • In June 2016, a customer alleged that Anthony Mastroianni churned their account, recommended unsuitable investments, breached his fiduciary duty, breached contract, and converted their funds. This case went to arbitration where the customer was awarded an undisclosed amount in damages.

What Does This Mean?

A securities broker converting funds into their personal bank accounts is one example of misappropriation, which essentially is the same thing as theft. A misappropriation of funds is when a securities broker misuses the funds from one agreed upon purpose for another purpose. Often, brokers will simply deposit these funds into their own account. This is conversion.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Anthony Mastroianni, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.