Brian DiBrino (CRD #: 2837066), a broker and a previously registered investment adviser, is facing multiple allegations, according to his Broker Check record, accessed on August 25, 2020. Mr. DiBrino is registered as a broker with American Portfolios Financial Services, Inc. He was an investment adviser with First Allied Securities prior to his termination from that firm.
On July 15, 2020, investors allege that Brian DiBrino recommended unsuitable alternative investments. “Alternative” investments are riskier investments that should only be recommended to speculative investors. The clients also allege misrepresentation and failure to supervise. The clients are seeking $125,000; the dispute is pending.
On May 14, 2020, an investor alleged that Mr. DiBrino breached his fiduciary duty and was negligent. The client is seeking $500,000; the dispute is pending.
On July 18, 2016, Brian DiBrino was fired from First Allied Securities Inc., following allegations that he failed to follow firm policy by permitting a non-registered assistant to reuse client signatures, working in concert with that assistant to alter client-signed documents.
Brian DiBrino has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 31 Futures Managed Funds Examination, the Series 7 General Securities Representative Examination, the Series 10 General Securities Sales Supervisor – General Module Examination, and the Series 9 General Securities Sales Supervisor – Options Module Examination.
He is a registered broker in Arizona, Florida, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, and Virginia.
Brian DiBrino has worked in the securities industry for 23 years. He has also worked at the following firms:
- First Allied Advisory Services, Inc (CRD #: 137888)
- SII Investments, Inc (CRD #: 2225)
- Fahnestock Asset Management (CRD #: 249)
- Oppenheimer & Co. Inc. (CRD #: 249)
- Morgan Stanley (CRD #: (CRD #: 7556)
If Brian DiBrino was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for your free case consultation with a securities attorney.