Erez Law is currently investigating NBC Securities, Inc. broker Marcello Lattuca (CRD# 2149434) regarding unsuitable investment recommendations. Lattuca has been registered with NBC Securities, Inc. in Massapequa, New York since 2015.
Lattuca has been the subject of four customer complaints between 2000 and 2020, according to his CRD report. The most recent complaints are regarding:
- May 2020. “Claimants allege unsuitable recommendations, fraudulent misrepresentation, churning, breach of contract, negligent supervision, and breach of fiduciary duty. Exact date of events is not known but is from prior to the RR’s current employment date and continued through March 2020.” The case is currently pending. The complaint was regarding common and preferred stocks and real estate securities and took place while Lattuca was registered with NBC Securities, Inc.
- May 2020. “Claimant alleges unsuitable recommendations, fraudulent misrepresentation, churning, breach of contract, negligent supervision by the firm, breach of fiduciary duty, and elder abuse. Exact date range is unknown, but is alleged to be from 2012 through May 2020.” The case is currently pending. The complaint was regarding common and preferred stocks and real estate securities and took place while Lattuca was registered with NBC Securities, Inc.
- May 2020. “Claimants allege unsuitable recommendations, fraudulent misrepresentation, churning, breach of contract, negligent supervision by the firm, and breach of fiduciary duty. Exact dates are not provided, but the complaint alleges the clients met the RR in 2013 while he was employed by JHS. Clients transferred their accounts from NBC securities in March/April 2020.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint was corporate and government debt, direct investments, common and preferred stocks, mutual funds, real estate securities, and unit investment trusts (UITs). The complaint took place while Lattuca was registered with NBC Securities, Inc. and JHS Capital Advisors.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, NBC Securities, Inc. may be liable for investment or other losses suffered by Lattuca’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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