- 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.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.
Attorney Matthew Wolper
Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]