Oct '24 • Fraud Allegation Alerts
Peter Mirenda - VCS Venture Securities - Financial Advisor Fraud Alert
Last Updated: October 2024 (New York, NY)
Peter Mirenda Financial Advisor Fraud Alert
Peter Mirenda's FINRA record shows concerning allegations including excessive trading, unsuitable investments, and unauthorized trading. With over $1.5 million in pending customer disputes, investors should be aware of these serious accusations against him. If you are a victim of investment fraud from the misdeeds of Peter Mirenda of VCS Venture Securities, contact the financial fraud lawyers at Patil Law immediately by calling (800) 950-6553 to request a free case evaluation.
National securities fraud lawyers Patil Law, P.C., are investigating broker Peter Mirenda (CRD #4397656), a financial advisor at VCS Venture Securities, who is facing significant customer complaints related to excessive trading and unauthorized transactions.
Critical insights about New York, NY stockbroker Peter Mirenda
- Advisor Name: Peter Joseph Mirenda
- CRD: 4397656
- Location: New York, NY
- Current Employer: VCS Venture Securities
- Classification: Stockbroker + Financial Advisor
- Primary Location: 29 Broadway, Suite 1502, New York, NY 10006-3201
- Can Peter Mirenda be sued in private FINRA arbitration: Yes
- Has Mr. Mirenda been disciplined by FINRA: No
- Total Number of Disclosures: 1 Customer Dispute
- Currently Active Case: $1,500,000 in alleged damages
- Licensed in: 48 U.S. states and territories
Lost Money With Stockbroker Peter Mirenda?
Peter Mirenda is currently facing serious allegations of misconduct:
Current Pending Arbitration (January 2022):
- FINRA Case Number: 21-03107
- Alleges excessive trading, unsuitable investments, and unauthorized transactions
- Claims $1.5 million in damages
- Involves listed equity securities
- Case currently pending resolution
The allegations suggest potential violations of several key FINRA rules including:
- Excessive trading/churning which can violate FINRA Rule 2111
- Making unauthorized trades in violation of FINRA Rule 2010 requiring high standards of commercial honor
- Potentially unsuitable investment recommendations contrary to FINRA Rule 2111
Allegations of Broker Misconduct Against Peter Mirenda
The current pending case against Mirenda involves multiple serious allegations:
- Excessive Trading: Generating excessive commissions through frequent trading without regard for client objectives
- Violation of FINRA's Suitability Rule by recommending investments that may not have aligned with the customer's investment profile
- Unauthorized Trading: Making trades in client accounts without proper authorization
- Potential breach of fiduciary duty by putting his interests ahead of his clients
These allegations suggest a pattern of conduct that may have prioritized generating commissions over client interests. Excessive trading, also known as churning, is a serious violation of securities regulations that can result in substantial losses for investors while generating significant commissions for brokers.
Need Help Recovering Your Investment Losses?
If you have suffered investment losses in an account handled by Peter Mirenda or have a question about the performance of your account, please contact Patil Law, P.C. online or (800) 950-6553 for a free initial consultation. The cases are handled on a contingency basis and Patil Law, P.C. does not get paid unless we win for you.
0
0 comments
Peter Mirenda - VCS Venture Securities - Financial Advisor Fraud Alert
skool.com/investor-protection-academy-7598
Learn to protect your investments through expert-led courses and community support. Guard against fraud and make informed financial decisions.
Powered by