kenneth-anthony-luccioni-pending-customer-disputes

INVESTORS: Former Triad Advisors broker Kenneth Anthony Luccioni is facing three pending customer disputes alleging unsuitable investments.

kenneth-anthony-luccioni-pending-customer-disputesKenneth Anthony Luccioni (CRD: 719779) was registered as a broker with Triad Advisors from 2000 until 2016. Previously, Luccioni was registered as a broker with London Pacific Advisors from 1997 until 2000.

Luccioni has four disclosures on his BrokerCheck report. 

January 2021 Customer Dispute

  • Status: Pending
  • Allegations: Claimant alleges that Mr. Luccioni overconcentrated her account in volatile energy sector securities that were unsuitable.
  • Damage Amount: $500,000.00

March 2020 Customer Dispute

  • Status: Pending
  • Allegations: Claimants allege an unsuitable investment strategy beginning in 2005.
  • Damage Amount: $900,000.00

March 2020 Customer Dispute

  • Status: Pending
  • Allegations: Claimants allege an unsuitable investment strategy beginning in 2005.
  • Damage Amount: 1,000,000.00

September 2021 Regulatory Judgment

  • Status: Final
  • Initiated By: FINRA
  • Allegations: Without admitting or denying the findings, Luccioni consented to the sanction and to the entry of findings that he failed to provide documents and information to FINRA in connection with an investigation into whether he had failed to disclose federal and state tax liens on his Uniform Application for Securities Industry Registration or Transfer (Form U4).
  • Resolution: Acceptance, Waiver & Consent (AWC)
  • Sanctions: Bar
  • Registration Capacities Affected: All Capacities
  • Duration: Indefinite
  • Start Date: 11/9/2018

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Kenneth Anthony Luccioni. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form. 

Sonn Law Group is investigating claims regarding Joel Eziekel Blum (CRD #4905379, Goshen, New York). Blum recently submitted an AWC in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 20 days. See FINRA Case #2014040186601. Blum was associated with Merrill Lynch from May 2008 until his termination in February 2014. Blum has been associated with Ameriprise Financial Services, Inc., since February 2014. The Form U-5 filed by Merrill Lynch to terminate Blum's registration states that he was discharged for "conduct including failure to contact clients in advance of entering orders in non-discretionary accounts and mismarking order tickets as unsolicited." FINRA found that Blum executed discretionary transactions in customer accounts without written authorization to do so. In addition, Blum mismarked order tickets in connection with these transactions, inaccurately indicating that the trades were unsolicited, according to FINRA. In entering into the AWC, Blum neither admitted or denied FINRA's findings. Pursuant to FINRA Rules, member firms are responsible for supervising a broker's activities during the time the broker is registered with the firm. Therefore, Ameriprise or Merrill Lynch may be liable for investment or other losses suffered by Blum's customers. If you were a client of Ameriprise, Merrill Lynch, or Blum, and have suffered investment losses or financial irregularities, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our "contact form."
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