Advisor Alert: Our Attorneys Are Investigating Vincent Anthony Virga For Investment Fraud
Did You Lose Money Because of Vincent Virga?
Filed: January 30, 2024
Vincent Virga (also known as Vincenzo A Virga Jr.) currently has one (1) pending customer complaints. Overall, he has been the subject of two (2) regulatory 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 Vincent Anthony Virga.
Who Is Vincent Anthony Virga of AE Wealth Management, LLC?
- Advisor Name: Vincent Anthony Virga
- Aliases: Vincenzo A Virga Jr.
- CRD: 5070668
- Location: Topeka, Kansas
- Current Employer: AE Wealth Management, LLC
- Previous Firms: Madison Avenue Securities, LLC and Prime Capital Services, Inc.
- Number of Known Customer Complaints: 6
- Number of Known Regulatory Events: 2
- Can Vincent Virga Be Sued: Yes, in Private Arbitration
- Can Vincent Virga’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $495,000
- Highest Settlement: $145,000
If you have suffered investment losses by Vincent Virga, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Vincent Virga For Broker Misconduct
As of this publication date, Vincent Virga has been the subject of 2 regulatory events and 6 customer disputes. Let’s review them below.
In November 2023, a FINRA arbitration was filed against or in reference to Vincent Virga by multiple customers of Madison Avenue Securities, LLC alleging unsuitable recommendations of alternative investments, primarily in NorthStar Healthcare REIT. As of this publication date, this claim remains pending.
In October 2021, a FINRA arbitration was filed against or in reference to Vincent Virga by a customer of Madison Avenue Securities, LLC alleging unsuitable recommendations of multiple alternative investments, including GPB. On September 20, 2022, Mr. Virga settled the claim for $14,900, and some or all of this amount may have been paid by Mr. Virga’s employer and/or insurance carrier.
In August 2021, a FINRA arbitration was filed against or in reference to Vincent Virga by multiple customers of Madison Avenue Securities, LLC alleging unsuitable recommendations of alternative investments. Per the customers, they lost over $150,000 because of Mr. Virga’s actions. On October 19, 2020, Mr. Virga settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Virga’s employer and/or insurance carrier.
In July 2021, State of Florida, Department of Financial Services initiated a regulatory action against or in reference to Vincent Virga for allegations that on November 20, 2020 the Financial Industry Regulatory Authority (FINRA) took action against Vincent Virga by issuing a Letter of Acceptance, Waiver, and Consent suspending him from association with any FINRA member in any capacity for one (1) month due to him failing to disclose available cost savings in mutual fund transactions resulting in the customer unnecessarily paying nineteen thousand six hundred eighty-seven dollars ($19,687.00) in sales charges.
In June 2021, a FINRA arbitration was filed against or in reference to Vincent Virga by multiple customers of Madison Avenue Securities, LLC alleging unsuitable recommendations of multiple alternative investments in 2015 and failure to supervise. Per the customers, they lost over $495,000 because of Mr. Virga’s actions. On December 28, 2022, Mr. Virga settled the claim for $145,000, and some or all of this amount may have been paid by Mr. Virga’s employer and/or insurance carrier.
In November 2020, FINRA initiated a regulatory action against or in reference to Vincent Virga for allegedly recommending that a customer purchase $480,000 in mutual funds, but failed to disclose to the customer available cost savings, including those provided through rights of accumulation, breakpoint levels, and choosing to purchase mutual funds in the same fund family.
In October 2018, a FINRA arbitration was filed against or in reference to Vincent Virga by a customer of Madison Avenue Securities, LLC alleging that he was never told there were commissions involved in the sale of the mutual funds he purchased. Per the customer, he lost over $80,000 because of Mr. Virga’s actions. On November 30, 2020, Mr. Virga settled the claim for $22,141.45, and some or all of this amount may have been paid by Mr. Virga’s employer and/or insurance carrier.
In July 2018, a FINRA arbitration was filed against or in reference to Vincent Virga by a customer of Madison Avenue Securities, LLC alleging issues with suitability and misrepresentation pertaining to the recommendation and subsequent purchase of two REITS. Per the customer, he/she lost over $120,000 because of Mr. Virga’s actions. On May 2, 2019, Mr. Virga settled the claim for $14,500, and some or all of this amount may have been paid by Mr. Virga’s employer and/or insurance carrier.
How To File A Claim Against Vincent Virga of AE Wealth Management, LLC (previously with Madison Avenue Securities, LLC and Prime Capital Services, Inc.) To Get Your Money Back
If you have questions about Vincent Virga, AE Wealth Management, LLC, Madison Avenue Securities, LLC, Prime Capital Services, 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.