Victim of Financial Fraud? Call Now
Home » Broker Blog » Steve Carrione Involved in Allegations of Unsuitable Investments

Steve Carrione Involved in Allegations of Unsuitable Investments

Steve Carrione (CRD #: 1603335), a broker registered with Cadaret, Grant & Co., is involved in an investor dispute, according to his BrokerCheck record, accessed on August 25, 2021.

On June 28, 2021, investors alleged that Steve Carrione recommended unsuitable trades in their managed accounts, including investments in low-priced securities and speculative companies. The investors further alleged that Steve Carrione increased their risks by utilizing margin accounts, which trade using borrowed money.

Steve Carrione Background Information

Steve Carrione has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • Series 63 Uniform Securities Agent State Law Examination
  • Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination

He is a registered broker in six states and is a registered investment adviser in New Jersey.

Steve Carrione has registered with the following firms:

  • Cadaret, Grant & Co. (CRD #: 10641)
  • Ameriprise Financial Services (CRD #: 6363)
  • RBC Capital Markets (CRD #: 31194)
  • B. Hanauer & Co. (CRD #: 6958)

Kurta Law Can Help

If you worked with Steve Carrione and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email info@kurtalawfirm.com.

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories