Giuseppina Lucciola Allegedly Made an Unsuitable Recommendation

Giuseppina Lucciola (CRD #: 1148524), a previously registered broker with Oppenheimer, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 13, 2024. Details concerning this dispute are provided below. 

Investor Dispute

On January 17, 2024, investors alleged that Giuseppina Lucciola recommended an unsuitable investment. The firm denied the dispute, but firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by pursuing FINRA arbitration. 

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to high fees for the investor.

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

Background Information

Giuseppina Lucciola has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 99TO Operations Professional Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 
• Series 4 Registered Options Principal Examination 
• Series 8 General Securities Sales Supervisor Examination (Options Module & General Module) 

During his 37 years of experience, Giuseppina Lucciola has registered with three firms: 

• Oppenheimer & Co. (CRD #: 249) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• Advest (CRD #: 10) 

Kurta Law Can Help 

If you have worked with Giuseppina Lucciola and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.