Advisor Alert: Our Attorneys Are Investigating Todd Anthony Cirella For Investment Fraud
Did You Lose Money Because of Todd Cirella?
Filed: March 15, 2024
Todd Cirella has been the subject of two (2) customer complaints and two (2) regulatory events. 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 Todd Anthony Cirella.
Who Is Todd Anthony Cirella of Laidlaw & Company (UK) Ltd.?
- Advisor Name: Todd Anthony Cirella
- Aliases: Todd Cirella
- CRD: 2396336
- Location: New York, New York
- Current Employer: Laidlaw & Company (UK) Ltd.
- Previous Firms: Sands Brothers & Co., Ltd.
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 2
- Can Todd Cirella Be Sued: Yes, in Private Arbitration
- Can Todd Cirella’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $159,657.52
- Highest Settlement: $80,000
If you have suffered investment losses by Todd Cirella, 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 Todd Cirella For Broker Misconduct
As of this publication date, Todd Cirella has been the subject of 2 customer disputes and 2 regulatory events. Let’s review them below.
In January 2023, FINRA initiated a regulatory action against or in reference to Todd Cirella for allegedly willfully violating the Best Interest Obligation under Rule 15l-1 of the Securities Exchange Act of 1934 (Regulation BI) by recommending a series of trading in a senior customer’s account that was excessive, unsuitable, and not in the customer’s best interest.
In November 2009, a FINRA arbitration was filed against or in reference to Todd Cirella by a customer of Laidlaw & Company (UK) Ltd. alleging churning, breach of contract, unauthorized trading, unsuitability, negligent misrepresentations, breach of fiduciary obligations, and fraud. Per the customer, he/she lost over $159,657.52 because of Mr. Cirella’s actions. On October 22, 2010, Mr. Cirella settled the claim for $80,000, and some or all of this amount may have been paid by Mr. Cirella’s employer and/or insurance carrier.
In September 2009, a complaint was filed against or in reference to Todd Cirella by a customer of Laidlaw & Company (UK) Ltd. alleging unauthorized trading, and excessive commissions. Per the customer, he/she lost over $55,964.31 because of Mr. Cirella’s actions. On June 3, 2010, Mr. Cirella settled the claim for $60,000, and some or all of this amount may have been paid by Mr. Cirella’s employer and/or insurance carrier.
In August 1995, Wisconsin Commissioner of Securities initiated a regulatory action against or in reference to Todd Cirella for offers and sales of securities by an unlicensed agent.
How To File A Claim Against Todd Cirella of Laidlaw & Company (UK) Ltd. (previously with Sands Brothers & Co., Ltd.) To Get Your Money Back
If you have questions about Todd Cirella, Laidlaw & Company (UK) Ltd., Sands Brothers & Co., Ltd., 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.