Did You Lose Money Because of Joseph Audia?
Filed: February 15, 2024
Joseph Audia currently has two (2) pending customer complaints. Overall, he has been the subject of five (5) customer complaints and one (1) regulatory 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 Joseph Scott Audia.
Who Is Joseph Scott Audia of VCS Venture Securities?
- Advisor Name: Joseph Scott Audia
- Aliases: Joseph Audia
- CRD: 2909761
- Location: Hauppauge, New York
- Current Employer: VCS Venture Securities
- Previous Firms: Joseph Stone Capital L.L.C., First Midwest Securities, Inc., and American Capital Partners, LLC
- Number of Known Customer Complaints: 5
- Number of Known Regulatory Events: 1
- Can Joseph Audia Be Sued: Yes, in Private Arbitration
- Can Joseph Audia’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $350,000
- Highest Settlement: $24,000
If you have suffered investment losses by Joseph Audia, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise 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 Joseph Audia For Broker Misconduct
As of this publication date, Joseph Audia has been the subject of 5 customer disputes and 1 regulatory event. Let’s review them below.
In November 2023, a FINRA arbitration was filed against or in reference to Joseph Audia by a customer of Joseph Stone Capital L.L.C. alleging churning, negligence & unsuitability, unauthorized trading, breach of fiduciary duty, breach of contract, unjust enrichment, negligent misrepresentation and omissions, lost opportunity damages, and punitive damages. Per the customer, he/she lost over $350,000 because of Mr. Audia’s actions. As of this publication date, this claim remains pending.
In September 2023, a FINRA arbitration was filed against or in reference to Joseph Audia by a customer of Joseph Stone Capital L.L.C. and VCS Venture Securities alleging suitability, negligence, and lost opportunity. Per the customer, he/she lost over $295,531.50 because of Mr. Audia’s actions. As of this publication date, this claim remains pending.
In December 2021, FINRA initiated a regulatory action against or in reference to Joseph Audia for allegedly excessively and unsuitably trading certain customer accounts.
In July 2009, a FINRA arbitration was filed against or in reference to Joseph Audia by multiple customers of American Capital Partners, LLC alleging unauthorized trading, suitability and churning between may 2005 and july 2006. Per the customers, they lost over $15,538.62 because of Mr. Audia’s actions. On September 25, 2011, Mr. Audia settled the claim for $5,000, and some or all of this amount may have been paid by Mr. Audia’s employer and/or insurance carrier.
In January 2006, a NASD arbitration was filed against or in reference to Joseph Audia by a customer of American Capital Partners, LLC alleging negligence, use of margin, suitability, unauthorized trades, and churning. Per the customer, he/she lost over $50,000 because of Mr. Audia’s actions. On February 16, 2007, Mr. Audia settled the claim for $24,000, and some or all of this amount may have been paid by Mr. Audia’s employer and/or insurance carrier.
In February 2002, a complaint was filed against or in reference to Joseph Audia by a customer of Joseph Gunnar & Co., LLC alleging failure to follow instructions. Per the customer, he/she lost over $45,000 because of Mr. Audia’s actions.
How To File A Claim Against Joseph Audia of VCS Venture Securities (previously with Joseph Stone Capital L.L.C., First Midwest Securities, Inc., and American Capital Partners, LLC) To Get Your Money Back
If you have questions about Joseph Audia, VCS Venture Securities, Joseph Stone Capital L.L.C., First Midwest Securities, Inc., American Capital Partners, 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.
