Nicholas Schiano (CRD #: 4429212), a broker registered with Spartan Capital Securities, is involved in investor allegations of account churning, according to his BrokerCheck record, accessed on February 2, 2021.
On December 23, 2020, an investor alleged that Nicholas Schiano churned their account, misrepresented certain securities, and omitted material information. The investor is seeking $414,744; the dispute is pending.
On May 18, 2020, an investor alleged that Nicholas Schiano engaged in unsuitable investment recommendations and over-concentrated securities in the investor’s portfolio. The investor sought $46,295; the dispute settled for $7,499.
On January 28, 2020, an investor alleged that Schiano misrepresented certain securities and made unsuitable investment recommendations. The investor is seeking $241,727; the dispute is pending.
On April 12, 2019, an investor alleged that Nicholas Schiano misrepresented certain securities and engaged in negligence. The investor sought $208,000; the dispute settled for $32,500.
On August 28, 2017, an investor alleged that Schiano recommended unsuitable investments. The investor sought $128,541; the dispute settled for $35,000.
Nicholas Schiano 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 7 General Securities Representative Examination, and the Series 25 NYSE Trading Assistant Examination. He is a registered broker in all 50 states and D.C.
Besides Spartan Capital Securities, Nicholas Schiano has registered with the following firms:
- Worden Capital Management (CRD #: 148366)
- Legend Securities (CRD #: 44952)
- Joseph Gunnar & Co (CRD #: 24795)
- Brookstone (CRD #: 13366)
- CitiGroup (CRD #: 7059)
- Chase Investment Services (CRD #: 25574)
- E*Trade Securities (CRD #: 29106)
- JP Turner (CRD #: 43177)
- Gunnallen Financial (CRD #: 17609)
- G&L Partners (CRD #: 129605)
- G&L Partners (CRD #:38719)
If Nicholas Schiano was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for a free case consultation with a securities attorney.