Were you the victim of excessive trading with former Laidlaw & Company (UK) Ltd. broker Peter Viglione (CRD# 4697621)? Viglione has been registered with Network 1 Financial Securities Inc. in New York, New York since June 2019. Previously, Viglione was registered with Laidlaw & Company in New York, New York from 2014 to July 2019.
Viglione has been the subject of seven customer complaints between 2011 and 2021, according to his CRD report:
- January 2021. “Overconcentration, unsuitability, and excessive trading. The customer is seeking $134,156 in damages. The complaint was regarding equity OTC and common and preferred stocks and took place while Viglione was registered with Laidlaw & Company.
- January 2021. “Overconcentration, unsuitability, and excessive trading.” The customer is seeking $35,737 in damages. The complaint was regarding equity OTC and common and preferred stocks and took place while Viglione was registered with Laidlaw & Company.
- February 2019. “Client alleges excessive trading and commission in 2013.” The customer sought $50,000 in damages and the case was settled for $14,999. The complaint is regarding equity OTC and common and preferred stocks and took place while Viglione was registered with Portfolios Advisors Alliance LLC.
- May 2018. “Client alleges damages with no specific allegation from 2015-2017.” The customer sought $20,179 in damages and the case was settled for $9,375. This case was regarding equity OTC and common and preferred stocks.
- May 2018. “Client alleges unauthorized trading and excessive trading from 2015 to 2016.” The customer is seeking $200,000 in damages and the case is currently pending. This case was regarding equity OTC and common and preferred stocks.
- February 2012. “Customer alleges excessive trading, unauthorized trading and misrepresentation.” The customer sought $780,000 in damages and the case was settled for $125,000. This case was regarding common and preferred stocks.
- December 2011. “Claimant alleges churning and unauthorized trading.” The case was settled for $85,000. This case was regarding equity OTC and common and preferred stocks.
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, Laidlaw & Company may be liable for investment or other losses suffered by Viglione’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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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