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Vincenzo Trimaldi Named in Dispute Seeking Over $10 Million in Damages

Vincenzo Trimaldi (CRD #: 6547276), a broker formerly registered with SW Financial, is involved in three pending investor disputes, according to his BrokerCheck record, accessed on April 25, 2023. Read on if you have questions about his alleged conduct as a broker.

Investor Disputes

On March 3, 2023, Vincenzo Trimaldi was named in a dispute alleging unauthorized trading, negligent conduct, and violations of the suitability rule, including excessive trading. This pending dispute seeks $10.3 million in damages.

Another pending dispute, filed on December 5, 2022, named Vincenzo Trimaldi in allegations of churning, unsuitable investment recommendations, negligence, and failure to supervise. The client seeks $510,152.82 in damages.

On March 21, 2022, an investor filed a dispute alleging that Vincenzo Trimaldi engaged in excessive and unauthorized trading, negligence, and suitability violations. The dispute further alleges that he engaged in fraud and breach of contract. The client seeks $388,517 in this pending dispute.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which limits brokers to engaging in discretionary trading only in pre-authorized accounts. Both the firm and the client must approve an account before discretionary trading can occur.

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, risk tolerance, and other characteristics.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish supervisory systems to ensure their compliance with securities regulations. Firms must appoint supervisors and provide them with Written Supervisory Procedures (WSPs) to follow.

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. Typical examples include misrepresentations or omissions of material fact, unsuitable investment recommendations, and excessive trading.

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

Background Information

Vincenzo Trimaldi has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

He previously worked for the following firms:

  • SW Financial (CRD#:145012)
  • Worden Capital Management (CRD#:148366)
  • Legend Securities (CRD#:44952)

Kurta Law Can Help

If you worked with Vincenzo Trimaldi and you have concerns about your investments, please contact us today at 877-600-0098 or 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.