Advisor Alert: Our Attorneys Are Investigating Frank Giacalone For Investment Fraud
Did You Lose Money Because of Frank Giacalone?
Filed: March 11, 2024
Frank Giacalone currently has one (1) pending customer complaint. Overall, he has been the subject of four (4) 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 Frank Giacalone.
Who Is Frank Giacalone of Aegis Capital Corp.?
- Advisor Name: Frank Giacalone
- Aliases: Frank Giacalone
- CRD: 4314174
- Location: Melville, New York
- Current Employer: Aegis Capital Corp.
- Previous Firms: Obsidian Financial Group, LLC, Empire Financial Group, Inc., and Ehrenkrantz King Nussbaum, Inc.
- Number of Known Customer Complaints: 4
- Can Frank Giacalone Be Sued: Yes, in Private Arbitration
- Can Frank Giacalone’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $139,224
- Highest Settlement: $80,000
If you have suffered investment losses by Frank Giacalone, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning 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 Frank Giacalone For Broker Misconduct
As of this publication date, Frank Giacalone has been the subject of 4 customer disputes. Let’s review them below.
In December 2022, a FINRA arbitration was filed against or in reference to Frank Giacalone by a customer of Aegis Capital Corp. alleging suitability, churning, breach of fiduciary duty, breach of contract, unauthorized trading, negligence, misrepresentation, and omission of material facts. Per the customer, he/she lost over $139,224 because of Mr. Giacalone’s actions. As of this publication date, this claim remains pending.
In March 2022, a complaint was filed against or in reference to Frank Giacalone by a customer of Aegis Capital Corp. alleging unsuitable recommendations and investments. Per the customer, he/she lost over $71,000 because of Mr. Giacalone’s actions.
In June 2016, a FINRA arbitration was filed against or in reference to Frank Giacalone by a customer of Obsidian Financial Group, LLC and Aegis Capital Corp. alleging churning, unsuitable recommendations, unauthorized trading, negligence, breach of fiduciary duty, breach of contract, and misrepresentation. Per the customer, he/she lost over $128,319.58 because of Mr. Giacalone’s actions. On September 5, 2017, Mr. Giacalone settled the claim for $27,500.
In June 2015, a FINRA arbitration was filed against or in reference to Frank Giacalone by a customer of Obsidian Financial Group, LLC and Aegis Capital Corp. alleging unsuitable recommendations. Per the customer, he/she lost over $107,969.92 because of Mr. Giacalone’s actions. On November 30, 2016, Mr. Giacalone settled the claim for $80,000, and some or all of this amount may have been paid by Mr. Giacalone’s employer and/or insurance carrier.
How To File A Claim Against Frank Giacalone of Aegis Capital Corp. (previously with Obsidian Financial Group, LLC, Empire Financial Group, Inc., and Ehrenkrantz King Nussbaum, Inc.) To Get Your Money Back
If you have questions about Frank Giacalone, Aegis Capital Corp., Obsidian Financial Group, LLC, Empire Financial Group, Inc., Ehrenkrantz King Nussbaum, Inc., 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.