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Anthony D’Ascoli’s Investment Recommendations Allegedly Led to Losses

Anthony D’Ascoli (CRD #: 4133420), a broker registered with Oppenheimer & Company, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on March 21, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Disputes

On February 14, 2023, multiple investors filed a dispute alleging that Anthony D’Ascoli recommended unsuitable investments which led to losses. The clients further alleged that he breached his contract and engaged in negligence, including negligent misrepresentation.

This misconduct allegedly occurred between July 1, 2021, and September 20, 2022. The dispute is currently pending.

On January 21, 2023, an investor alleged that Anthony D’Ascoli recommended risky and “irresponsible” investments. The client seeks $198,480 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles describe an investor’s tax status, age, risk tolerance, and other characteristics.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

The misrepresentation of information related to investments violates FINRA Rule 2020, which bans the use of deception, manipulation, and other fraudulent methods to influence the purchase and sale of securities.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What qualifies as broker negligence?

Many types of broker misconduct may qualify as negligence. Common examples include misrepresentations or omissions of material fact, unsuitable investment recommendations,  and unauthorized trading.

Investors who feel their losses are the result of broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Anthony D’Ascoli has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Anthony D’Ascoli is a registered broker in 16 states and the District of Columbia. He is also a registered investment adviser in Connecticut and Florida.

He previously worked for UBS Financial Services (CRD#:8174) and Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Anthony D’Ascoli and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.