UPDATE! Eric Pica of Joseph Stone Capital is BARRED – New York, NY
Eric Pica, Previously with Joseph Stone Capital, Barred by FINRA
Have you lost money with financial advisor Eric Pica? We are continuing to look into allegations made about Eric Pica from New York, New York. In 2019, FINRA (the Financial Industry Regulatory Authority) barred brought a complaint against Pica, and in March 2020, FINRA barred Pica from the industry after he failed to respond to an investigation.
FINRA alleged that Pica misused customer funds when we directed a customer to write a $200,000 check to Light Capital Group, a company wholly owned by Pica. Instead of directing the money to the customer’s brokerage account, it was alleged that Pica transferred the money to his personal account where he used it to pay a down payment on a house.
Eric Patrick Pica was a financial advisor and registered representative of Joseph Stone Capital from April 2015 to November 2019. He worked in a branch office in New York City. Pica has been the subject of seven customer complaints.
Brokerage firms like Joseph Stone Capital have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
IF YOU LOST MONEY WITH ERIC PICA OR JOSEPH STONE CAPITAL, CONTACT US AT 720-599-3505 FOR A FREE EVALUATION OF YOUR CASE.
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