Lon Faccini, Jr.: Customer Complaints Involving Churning and Unsuitable Investments

Lon Faccini, Jr.

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 6, 2018 indicate that New York-based Arive Capital Markets broker Lon Faccini, Jr. has received numerous resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Faccini (CRD# 2736849).

Lon Faccini has spent twenty years in the securities industry and has been registered with Arive Capital Markets in Coram, New York since 2016. Previous registrations include Cape Securities in Coram, New York (2010-2016); Liberty Partners Financial Services in Holbrook, New York (2006-2010); JW Cole Financial in Holbrook, New York (2006); JP Turner & Company in Holbrook, New York (2004-2006); LH Ross & Company in Boca Raton, Florida (2004); Continental Broker-Dealer in Carle Place, New York (2003-2004); Gunnallen Financial in Tampa, Florida (2002-2003); Seaboard Securities in Florham Park, New Jersey (1997-2002); HJ Meyers & Company in Rochester, New York (1997); and Investors Associates in Hackensack, New Jersey (1996-1997). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 24, 1996, and Series 7 (General Securities Representative Examination), which he obtained on July 13, 1996. He is a registered broker and investment adviser with 35 US states and territories.

According to his BrokerCheck report, he has received four customer complaints and two pending customer complaints.

In February 2018 a customer alleged Lon Facini, while employed at Cape Securities, recommended unsuitable investments that resulted in the loss of principal. The customer is seeking more than $28,300 in damages in the pending complaint.

In April 2017 a customer alleged Lon Facini, while employed at Cape Securities, churned investments, charged excessive commissions, and recommended unsuitable securities. The customer is seeking more than $64,600 in damages in the pending complaint.

In 2016 a customer alleged Lon Facini, while employed at Cape Securities, recommended an unsuitable investment. The complaint settled for $9,000.

In 2015 a customer alleged he, while employed at Liberty Partners Financial Services, breached contract, made misrepresentations of material facts, acted negligently, committed fraud, and breached his fiduciary duty. The complaint resulted in an award to the customer of $42,983.

In 2013 a customer alleged he, while employed at Cape Securities, over-charged commissions. The complaint settled for $37,500.

If you or someone you know has a complaint regarding Lon Facini Jr., call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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