Richard Calabrese Allegedly Engaged in Negligence

Richard Calabrese (CRD #: 1549013), a broker registered with Corinthian Partners, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 14, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 8, 2024, an investor alleged that Richard Calabrese engaged in negligence and breached his fiduciary duty. The investor is seeking $100,001. 

This is the second investor dispute on his record. 

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Regulatory Action 

There is a regulatory action dated March 18, 2019, alleging that Richard Calabrese failed to establish a supervisory system regarding the sale of leveraged or inverse non-traditional traded products. He allegedly failed to identify and investigate red flags of unsuitable trading. 

You can read a copy of the AWC here.

Background Information 

Richard Calabrese has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 14 Compliance Officer Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 25 states. 

Kurta Law Can Help 

If you worked with Richard Calabrese and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.