LON FACCINI of Cape Securities Subject of COMPLAINTS and Lawsuits
Have you lost money with financial advisor Lon C. Faccini, Jr. of Cape Securities?
We are investigating allegations of former customers related to Lon Faccini. Lon Faccini’s CRD report, a public record maintained by FINRA, states that Faccini has been the subject of six customer complaints and FINRA arbitration lawsuits. The customers claim Faccini sold them unsuitable investments in ETFs (exchange traded funds), as well as common and preferred stocks.
Lon Faccini, Jr. (CRD# 2736849) was a registered representative of Cape Securities from August 2010 to June 2016. He previously worked at a branch office in Coram, New York.
Brokerage firms like Cape 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 and in Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.
Click to view: Lon Faccini BrokerCheck
If you lost money with Lon Faccini or Cape Securities, please CONTACT US at 720-599-3505 or 206-795-5798 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.