Anthony Mastroianni Jr. is a previously registered broker who has been barred by the Financial Industry Regulatory Authority from working as a broker or associating with companies that sell securities to members of the public. The stock fraud lawyers at McCarthy, Lebit, Crystal & Liffman Co., LPA, are investigating claims against Mastroianni by former clients who have lost money.
Between 2004 and 2016, Mastroianni worked for five firms: Joseph Stevens & Company, Inc., of Old Bridge, New Jersey; National Securities Corporation of Staten Island, New York; J.P Turner & Company, L.L.C., of Red Bank, New Jersey; Alexander Capital, L.P., of New York; and Meyers Associates, L.P., of New York.
Churning and Mishandling
Mastroianni was the subject of a number of customer disputes between 2007 and 2016; two of those disputes remain pending. In the first complaint, filed against Mastroianni in July 2015, a customer alleges churning and mishandling of an account and seeks damages of $60,000. In the second pending claim, filed in July 2016, the customer alleges unsuitable investments, breach of contract, breach of fiduciary duty, outstanding loans from the customer, and churning. The customer requested damages of $2,000,000.
Mastroianni was barred from acting as a broker in December 2016, following a failure to appear before the Financial Industry Regulatory Authority (FINRA). According to the FINRA allegations, Mastroianni engaged in excessive trading or churning in the account of an elderly customer, and borrowed money from customers without notifying his employer.
The Stock Market Loss team of investment fraud attorneys represents consumers who have suffered loss due to Ponzi schemes, stockbroker misconduct, and investment misrepresentation. For a no-cost consultation about your case, contact Hugh Berkson or Jay Salamon at McCarthy, Lebit, Crystal & Liffman Co., LPA.
Hugh Berkson is a Securities Attorney with McCarthy, Lebit, Crystal & Liffman, Co. LPA with over 20 years of representing individuals who have lost money due to the negligence of investors and brokers.
Hugh is a past President of the Public Investors Arbitration Bar Association (PIABA), an international legal association composed of practitioners who represent investors in disputes with the securities industry. He was also just re-elected to PIABA’s Board of Directors, where he has served as a director since 2011.
