New York Securities Fraud Lawyers Blog
The investment and securities fraud attorneys at Malecki Law are interested in hearing from investors who have complaints regarding L.O. Thomas & Co , Inc. financial advisor Anthony Librizzi.
According to his BrokerCheck report maintained by the Financial Industry Regulatory Authority (“FINRA”), Mr. Librizzi was most recently with Wells Fargo Advisors LLC before resigning amid allegations.
FINRA records indicate that Mr. Librizzi resigned from Wells Fargo voluntarily in 2013 amid allegations that he “accepted $8,000 from a client.”
In September of 2015, Mr. Librizzi was suspended by FINRA for 30 days and fined $5,000, according to his BrokerCheck. Allegations were made against Mr. Librizzi that he “borrowed a total of $33,000 from two customers in violation of the written procedures of the FINRA member firms where he was then-registered.”
FINRA Rule 3240 provides that unless certain circumstances are present, “[n]o person associated with a member in any registered capacity may borrow money from or lend money to any customer of such person…”
The attorneys at Malecki Law are regularly contacted by and regularly represent individuals who have lost money in connection with inappropriate securities transactions, including unauthorized trading, lending money to their financial advisor and unsuitable investment recommendations.