Advisor Alert: Our Attorneys Are Investigating James Robert Pecoraro For Investment Fraud
Did You Lose Money Because of James Pecoraro?
Filed: January 16, 2024
James Pecoraro currently has one (1) pending judgment/lien event. Overall, he has been the subject of seven (7) regulatory events, eleven (11) customer complaints and one (1) judgment/lien event. 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 James Robert Pecoraro.
Who Is James Robert Pecoraro of Spartan Capital Securities, LLC?
- Advisor Name: James Robert Pecoraro
- Aliases: James Pecoraro
- CRD: 2440231
- Location: Garden City, New York
- Current Employer: Spartan Capital Securities, LLC
- Previous Firms: SW Financial, Primary Capital, LLC, and Rockwell Global Capital LLC
- Number of Known Customer Complaints: 11
- Number of Known Regulatory Events: 7
- Number of Known Judgment/Lien Events: 1
- Can James Pecoraro Be Sued: Yes, in Private Arbitration
- Can James Pecoraro’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $230,000
- Highest Settlement: $235,735
If you have suffered investment losses by James Pecoraro, 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 James Pecoraro For Broker Misconduct
As of this publication date, James Pecoraro has been the subject of 7 regulatory events, 11 customer disputes and 1 judgment/lien event. Let’s review them below.
In October 2022, Maryland initiated a regulatory action against or in reference to James Pecoraro. The Commissioner issued an Order to Show Cause & Summary Suspension due to the fact that Pecoraro entered into an AWC with FINRA, without admitting or denying the findings, consented to a 9 month suspension from associating with any FINRA member in all capacities for various acts of violations of the Securities Act.
In August 2022, FINRA initiated a regulatory action against or in reference to James Pecoraro for excessively trading in customers’ accounts.
In May 2022, James Pecoraro was the subject of a civil judgment or lien in the amount of $115,092. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In November 2021, a complaint was filed against or in reference to James Pecoraro by a customer of SW Financial alleging unauthorized trading. Per the customer, he/she lost over $12,230 because of Mr. Pecoraro’s actions.
In February 2019, a FINRA arbitration was filed against or in reference to James Pecoraro by a customer of SW Financial alleging that Mr. Pecoraro engaged in negligence, unsuitable investments, fraud, breach of fiduciary duty, unauthorized transactions and misrepresentation. Per the customer, he/she lost over $100,000 because of Mr. Pecoraro’s actions. On August 26, 2019, Mr. Pecoraro settled the claim for $36,000, and some or all of this amount may have been paid by Mr. Pecoraro’s employer and/or insurance carrier.
In June 2017, a FINRA arbitration was filed against or in reference to James Pecoraro by a customer of Rockwell Global Capital LLC alleging breach of fiduciary duty, negligence, reckless and/or willful misconduct, gross negligence, and breach of contract. Per the customer, he/she lost over $50,000 because of Mr. Pecoraro’s actions. On July 10, 2017, Mr. Pecoraro settled the claim for $13,500.
In November 2010, Illinois initiated a regulatory action against or in reference to James Pecoraro as FINRA entered a letter of acceptance, waiver and consent. The respondent’s registration as a salesperson in the State of Illinois is subject to revocation pursuant to Section 8.E. (1)(J) of the act.
In August 2010, FINRA initiated a regulatory action against or in reference to James Pecoraro for engaging in a pattern of trading activity in a customer’s account that was excessive in light of the customer’s objectives, financial situations and needs.
In April 2008, a FINRA arbitration was filed against or in reference to James Pecoraro by a customer of J.P. Turner & Company LLC alleging unauthorized trading, unsuitable securities, churing, fraud, and breach of fiduciary duty. Per the customer, he/she lost over $150,000 because of Mr. Pecoraro’s actions. On July 3, 2009, Mr. Pecoraro settled the claim for $55,000.
In May 2007, a complaint was filed against or in reference to James Pecoraro by a customer of J.P. Turner & Company LLC alleging sale of security without permission, unsuitability of recommendations, and dissatisfaction with performance of recommendations. Per the customer, he/she lost over $15,680 because of Mr. Pecoraro’s actions.
In August 2006, New Jersey Bureau of Securities initiated a regulatory action against or in reference to James Pecoraro for being a subject of a license suspension order substantially equivalent to an order of denial of agent registration by a state securities administrator. Pecoraro is the subject of a license suspension order from the State of Colorado alleging dishonest and unethical conduct in the securities business.
In December 2005, Illinois initiated a regulatory action against or in reference to James Pecoraro as his application for registration as a salesperson in the State of Illinois is summarily denied pursuant to section 8.e(1)(k) of the Illinois securities law.
In December 2004, a complaint was filed against or in reference to James Pecoraro by a customer of Harrison Securities, Inc. alleging unauthorized trading. Per the customer, he/she lost over $8,240 because of Mr. Pecoraro’s actions.
In February 2004, Colorado Division of Securities initiated a regulatory action against or in reference to James Pecoraro for unsuitable trading, unauthorized trading, unfair and dishonest dealings, securities fraud, and failure to supervise.
In December 2003, a NASD arbitration was filed against or in reference to James Pecoraro by a customer of Harrison Securities, Inc. alleging unauthorized trades, commission and margin. Per the customer, he/she lost over $230,000 because of Mr. Pecoraro’s actions. An arbitration panel found that James Pecoraro was negligent and awarded $235,735 in favor of the customers.
In September 2003, a complaint was filed against or in reference to James Pecoraro by a customer of Harrison Securities alleging that Mr. Pecoraro mishandled the client’s account. Per the customer, he lost over $75,000 because of Mr. Pecoraro’s actions. On January 31, 2004, Mr. Pecoraro settled the claim for $9,999.
In October 2002, a complaint was filed against or in reference to James Pecoraro by a customer of Harrison Securities, Inc. alleging type change from margin to cash. Per the customer, he/she lost over $18,796 because of Mr. Pecoraro’s actions.
In September 2002, a complaint was filed against or in reference to James Pecoraro by a customer of Harrison Securities, Inc. alleging poor performance. Per the customer, he/she lost over $15,000 because of Mr. Pecoraro’s actions.
In April 2002, a complaint was filed against or in reference to James Pecoraro by a customer of Harrison Securities alleging unauthorized trading. Per the customer, he lost over $186,841 because of Mr. Pecoraro’s actions. On September 9, 2003, Mr. Pecoraro settled the claim for $50,000.
How To File A Claim Against James Pecoraro of Spartan Capital Securities, LLC (previously with SW Financial, Primary Capital, LLC, and Rockwell Global Capital LLC) To Get Your Money Back
If you have questions about James Pecoraro, Spartan Capital Securities, LLC, SW Financial, Primary Capital, LLC, Rockwell Global Capital LLC, 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.