Advisor Alert: Our Attorneys Are Investigating Anthony Joseph Cantone For Investment Fraud
Did You Lose Money Because of Anthony Cantone?
Filed: January 30, 2024
Anthony Cantone currently has one (1) pending regulatory event. Overall, he has been the subject of four (4) regulatory events, one (1) termination event, one (1) civil event, and five (5) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Anthony Joseph Cantone.
Who Is Anthony Joseph Cantone?
- Advisor Name: Anthony Joseph Cantone
- Aliases: Anthony Cantone
- CRD: 1066139
- Location: Eatontown, New Jersey
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Cantone Research, Inc., Meyers Pollock Robbins, Inc., and Gruntal & Co. Incorporated
- Number of Known Customer Complaints: 5
- Number of Known Regulatory Events: 4
- Number of Known Termination Events: 1
- Number of Known Civil Events: 1
- Can Anthony Cantone Be Sued: Yes, in Private Arbitration
- Can Anthony Cantone’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,300,000
- Highest Settlement: $800,000
If you have suffered investment losses by Anthony Cantone, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Anthony Cantone For Broker Misconduct
As of this publication date, Anthony Cantone has been the subject of 4 regulatory events, 1 termination event, 1 civil event, and 5 customer disputes. Let’s review them below.
In December 2023, FINRA initiated a regulatory action against or in reference to Anthony Cantone for refusing to appear for on-the-record testimony requested by FINRA in connection with its investigation concerning his customers’ purchases of low-priced securities, as well as possible conflicts of interest between his OBAs and his customers.
In October 2021, New Jersey Bureau of Securities initiated a regulatory action against or in reference to Anthony Cantone for allegedly making numerous fraudulent and negligent misrepresentations and omissions of material fact in connection with two municipal bond offerings that defaulted, causing customers to lose more than $6,225,000.
In January 2019, a complaint was filed against or in reference to Anthony Cantone by a customer of Cantone Research, Inc. alleging that in 2011, the customer trust’s settlor (now deceased) bought through Cantone an investment that went into default in 2015. Per the customer, he/she lost over $67,500 because of Mr. Cantone’s actions. On February 14, 2019, Mr. Cantone settled the claim for $42,500.
In November 2015, New Jersey Bureau of Securities initiated a regulatory action against or in reference to Anthony Cantone for selling unregistered securities.
In November 2015, New Jersey Bureau of Securities initiated a regulatory action against or in reference to Anthony Cantone as allegedly, his member firm, while acting through him as its president and majority owner, willfully violated Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 thereunder by making fraudulent misrepresentations and omissions of material fact in connection with the sales and subsequent extensions of over $8 million of certificates of participation (COPs) in certain promissory notes, as alleged in the First Cause of Action. The complaint alleges that to date, four of the five relevant promissory notes have defaulted, resulting in approximately $6 million in losses to investors. At the same time, the firm and Cantone received fees, commissions and other payments in connection with the offerings of more than $1 million. The complaint also alleges that by the same conduct, the firm and Cantone acted in contravention of Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933 by making material misrepresentations and omissions in connection with the sale of the COP offerings, which is pleaded in the alternative to the First Cause of Action. The complaint further alleges that the firm and Cantone made improper use of a portion of investors’ funds by using the funds as leverage to induce an individual to make payment on a separate promissory note unrelated to the investment the funds had been received for. In addition, the complaint alleges that the firm and Cantone recommended to customers that they purchase a COP in a promissory note without having a reasonable basis to believe that the investment was suitable for any investor.
In November 2015, New Jersey Bureau of Securities initiated a civil action against or in reference to Anthony Cantone for offer and sale of unregistered securities and making untrue statements of a material fact or omitting to state a material fact necessary in order to make the statements made in light of the circumstances under which they are made, not misleading.
In June 2010, a complaint was filed against or in reference to Anthony Cantone by multiple customers of Cantone Research, Inc. alleging failure to supervise, breach of fiduciary duty, and negligence in the criminal activities of [third party] away from the firm. Per the customers, they lost over $1,300,000 because of Mr. Cantone’s actions. On December 17, 2013, Mr. Cantone settled the claim for $800,000, and some or all of this amount may have been paid by Mr. Cantone’s employer and/or insurance carrier.
In October 2003, a complaint was filed against or in reference to Anthony Cantone by a customer of Cantone Research, Inc. alleging unsuitability and breach of fiduciary duty. Per the customer, he/she lost over $600,000 because of Mr. Cantone’s actions. An arbitration panel found that Anthony Cantone was negligent and awarded $250,000 in favor of the customers.
In June 2003, a complaint was filed against or in reference to Anthony Cantone by a customer of Cantone Research, Inc. alleging that account value dropped from $49k to $31k when account was transferred out. Per the customers, he/she lost over $18,000 because of Mr. Cantone’s actions.
In July 2001, a complaint was filed against or in reference to Anthony Cantone by a customer of Cantone Research, Inc. alleging poor performance. An arbitration panel found that Anthony Cantone was negligent and awarded $10,000 in favor of the customers.
In August 1994, Gruntal & Co. Incorporated terminated Anthony Cantone for allegedly two unregistered callers using unapproved scripts allegedly provided by Mr. Cantone.
How To File A Claim Against Anthony Cantone (previously with Cantone Research, Inc., Meyers Pollock Robbins, Inc., and Gruntal & Co. Incorporated) To Get Your Money Back
If you have questions about Anthony Cantone, Cantone Research, Inc., Meyers Pollock Robbins, Inc., Gruntal & Co. Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.