- October 6, 2019
- Arive Capital Markets
John J. Santariello (CRD # 5746158) was a Financial Advisor at Arive Capital Markets in Coram, NY. John Santariello has been in the securities industry since 2010 and previously worked at Cape Securities, Inc., Joseph Gunnar & Co. LLC, Wilmington Capital Securities, LLC, National Securities Corporation and K.C. Ward Financial.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), John Santariello has been the subject of seven customer complaints, including the following:
- August 2019 – “Churning, Excessive Trading, Unsuitability.” Alleged damages are $307,042, and the matter is currently pending.
- November 2014 – “ACCOUNT LOSSES COVERING PERIOD 2012 THROUGH MAY 2014, DUE TO UNSUITABLE EXCESSIVE TRADING OF HIGH-RISK SPECULATIVE STOCKS.” The matter settled for $30,000.
For a copy of John Santariello’s CRD, click https://brokercheck.finra.org/individual/summary/5746158.
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