Israels & Neuman, PLC Helps Customers Recover Money Due to Sales of Unsuitable Private Placements
BAYONNE, NEW JERSEY — Have you lost money with financial advisor Vincent Virga, of Madison Avenue Securities in Bayonne, New Jersey? We are looking into allegations made against Vincent Virga. Vincent Virga has been the subject of a customer complaint that was filed in 2021. The recent complaints allege that Virga sold unsuitable alternative investments like private placements. The customer alleges $495,000 in losses from the private placements.
Vincent Virga has been with Madison Avenue Securities from 2009 to the present. He has worked at branch offices in Bayonne, New Jersey. Virga also was suspended by FINRA for one month in 2020 regarding allegations involving mutual funds.
Brokerage firms like Madison Avenue Securities 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 investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Madison Avenue Securities.
If you lost money with Vincent Virga or Madison Avenue Securities, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.