Advisor Alert: Our Attorneys Are Investigating Robert Neil Tricarico For Investment Fraud

Chetan Patil on November 9, 2023

Did You Lose Money Because of Robert Tricarico?

Filed: November 6, 2023

Robert Tricarico currently has one (1) pending civil event, two (2) pending judgment/lien events, and one (1) pending customer complaint. Overall, he has been the subject of four (4) regulatory events, one (1) termination event, one (1) criminal event, one (1) civil event, two (2) judgment/lien events, and six (6) 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 Robert Neil Tricarico.

Who Is Robert Neil Tricarico?

  • Advisor Name: Robert Neil Tricarico
  • Aliases: Robert Tricarico
  • CRD: 1500863
  • Location: Westport, Connecticut
  • Current Employer: No Longer Allowed to Practice in the Securities Industry
  • Previous Firms: LPL Financial LLC, Wells Fargo Advisors Financial Network, LLC, and Citigroup Global Markets Inc.
  • Number of Known Customer Complaints: 6
  • Number of Known Regulatory Events: 4
  • Number of Known Termination Events: 1
  • Number of Known Civil Events: 1
  • Number of Known Criminal Events: 1
  • Number of Known Judgment/Lien Events: 2
  • Can Robert Tricarico Be Sued: Yes, in Private Arbitration
  • Can Robert Tricarico’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $15,264.44
  • Highest Settlement: $390,000

If you have suffered investment losses by Robert Tricarico, 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 Robert Tricarico For Broker Misconduct

As of this publication date, Robert Tricarico has been the subject of 4 regulatory events, 1 termination event, 1 civil event, 1 criminal event, 2 judgment/lien events, and 6 customer disputes. Let’s review them below.

In April 2017, United States Securities And Exchange Commission initiated a regulatory action against or in reference to Robert Tricarico. He pled guilty in the United States District Court for the District of Connecticut to one count of wire fraud in violation of Title 18 United States Code, Section 1343 in the criminal action of United States v. Tricarico, 3:16-CR-001119.

In June 2016, felony charges were pressed against Robert Tricarico in United States District Court for the District of Connecticut. Robert Tricarico received 1 felony charge for Wire Fraud.

In April 2016, Connecticut initiated a regulatory action against or in reference to Robert Tricarico for allegedly misappropriating over $1 million from the decedent while Tricarico was associated with Wells Fargo Advisors Financial Network, LLC and LPL Financial LLC.

In September 2015, a FINRA arbitration was filed against or in reference to Robert Tricarico by a customer of Citigroup Global Markets alleging that starting in May of 2007, the client loaned Mr. Tricarico hundreds of thousands of dollars to help finance the renovation of a multi-million dollar “McMansion”.

In June 2015, a complaint was filed against or in reference to Robert Tricarico by a customer of LPL Financial LLC alleging that Mr. Tricarico failed to explain surrender charges, misrepresented fixed indexed annuities, and customer seeks rescission of four annuity contracts. Per the customer, he/she lost over $15,264.44 because of Mr. Tricarico’s actions. On September 24, 2015, Mr. Tricarico settled the claim for $15,264.44, and some or all of this amount may have been paid by Mr. Tricarico’s employer and/or insurance carrier.

In March 2015, a FINRA arbitration was filed against or in reference to Robert Tricarico by a customer of Wells Fargo Advisors Financial Network, LLC alleging that assets were mismanaged and misappropriated by Mr. Tricarico in 2009 and 2011. Client alleges that assets were knowingly stolen and/or mismanaged and wasted during the time frame of 2009-2011 (at wfa/wsllc) and 2011-2012 (at LPL). On April 10, 2015, Mr. Tricarico settled the claim for $390,000, and some or all of this amount may have been paid by Mr. Tricarico’s employer and/or insurance carrier.

In April 2015, a complaint was filed against or in reference to Robert Tricarico by a customer of LPL Financial LLC alleging that Mr. Tricarico misrepresented indexed annuities and that they are unsuitable. On November 4, 2015, Mr. Tricarico settled the claim for $140,375.47, and some or all of this amount may have been paid by Mr. Tricarico’s employer and/or insurance carrier.

In April 2015, FINRA initiated a regulatory action against or in reference to Robert Tricarico. Without admitting or denying the findings, Tricarico consented to the sanction and to the entry of findings that he failed to provide documents and information requested by finra during the course of an investigation into whether tricarico converted customer funds.

In February 2015, FINRA initiated a regulatory action against or in reference to Robert Tricarico for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

In December 2014, LPL Financial LLC terminated Robert Tricarico after allegations were received via a lawsuit by the executor of a deceased client alleging misuse/misappropriation of clients funds.

In November 2014, Susan Moore Executrix Estate of Emily Anderson alleged in state court that Robert Tricarico was involved in mismanagement and misappropriation of funds.

In December 2013, Robert Tricarico was the subject of a civil judgment or lien in the amount of $133,670. 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 July 2009, Robert Tricarico was the subject of a civil judgment or lien in the amount of $1,887. 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 March 2009, a complaint was filed against or in reference to Robert Tricarico by a customer of Citigroup Global Markets alleging unsuitability with respect to investments in February 2006 to May 2006.

In April 2001, a complaint was filed against or in reference to Robert Tricarico by a customer of Merrill Lynch, Pierce, Fenner & Smith, Inc. alleging the client’s accounts were unsuitably invested. Per the customer, he/she lost over $55,939 because of Mr. Tricarico’s actions.

How To File A Claim Against Robert Tricarico (previously with LPL Financial LLC, Wells Fargo Advisors Financial Network, LLC, and Citigroup Global Markets Inc.) To Get Your Money Back.

If you have questions about Robert Tricarico, LPL Financial LLC, Wells Fargo Advisors Financial Network, LLC, Citigroup Global Markets 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.