Anthony Martinelli, a stockbroker with LPL Financial LLC and Jacobi Capital Management, LLC, faces serious allegations. A pending customer dispute seeks $3 million in damages for his actions between 2019 and 2024.
The claim states Martinelli failed to follow instructions on options trades and poorly managed portfolios. This case highlights the risks investors face when trusting financial advisors.
Haselkorn & Thibaut is looking into Anthony Martinelli Complaints And Investigations. Martinelli’s CRD Number is 2590758, and he worked at New England Securities Corporation from 2002 to 2014.
Despite these claims, the Financial Industry Regulatory Authority (FINRA) has not sanctioned Martinelli. FINRA rules require firms to watch their advisors closely to protect clients.
Investors who lost money may have legal options. Read on to learn more about this case.
Key Takeaways
Table of Contents
- Anthony Martinelli faces a $3 million claim in FINRA arbitration for alleged failure to follow client instructions on options trades and poor portfolio management from 2019 to 2024.
- Martinelli works as a stockbroker and financial advisor in Berwyn, Pennsylvania, with ties to LPL Financial LLC and Jacobi Capital Management, LLC. His CRD number is 2590758.
- A previous customer dispute in 2004 claimed $25,460.66 in losses due to misrepresentation of a variable annuity’s features, though this claim was denied.
- Financial firms have a duty to supervise advisors under FINRA Rules 3110 and 2090. Breaches of fiduciary duty may violate FINRA Rule 2010.
- Investors who lost money with Martinelli can seek free legal help from Haselkorn & Thibaut by calling their toll-free number 1-888-885-7162 . or visiting their offices.
Background Information on Anthony Martinelli
Anthony Martinelli works at Aegis Capital Corp in Melville, NY. He has a CRD number and faces a pending customer dispute.
Current employer and prior employer
Anthony Martinelli works for LPL Financial LLC and Jacobi Capital Management, LLC. These firms are his current employers. Before this, he spent 12 years at New England Securities Corporation from 2002 to 2014.
His work history shows a mix of big and small financial firms.
A financial advisor’s employment history can offer insights into their experience and reputation.
Martinelli’s career move from a large corporation to smaller firms raises questions. The next section will explore his job functions and location.
Function and location
Anthony Martinelli works as a stockbroker, financial advisor, and registered investment advisor. He operates from Berwyn, Pennsylvania. Martinelli’s current employer is Jacobi Wealth Advisors.
He also has ties to LPL Financial LLC and Jacobi Capital Management, LLC. These firms offer various financial services to clients in the area.
Martinelli’s role involves helping people manage their money and investments. He gives advice on stocks, bonds, and other financial products. His job is to help clients grow their wealth and plan for the future.
The next section will discuss the allegations made against Martinelli in more detail.
CRD number and pending customer dispute
Anthony Martinelli’s CRD number and pending customer dispute details are crucial information for investors. These facts provide insight into his professional background and current legal issues.
| Detail | Information |
|---|---|
| CRD Number | 2590758 |
| Pending Customer Dispute | Case No. 24-01563 |
| Dispute Filing Date | July 2024 |
| Amount Sought | $3 million |
| Allegations | Failure to follow instructions on options trades, poor portfolio management |
The CRD number serves as a unique identifier for financial advisors. It allows investors to check an advisor’s background and any disciplinary actions. The pending customer dispute against Martinelli raises serious concerns. The $3 million sought in damages points to significant alleged losses. The case focuses on claims of mismanagement and failure to follow client instructions. These allegations suggest potential breaches of professional duty. Investors should consider this information when evaluating Martinelli’s services.
Allegations Against Anthony Martinelli
Anthony Martinelli faces serious claims from clients. These include failing to follow instructions and poor investment management.
Failure to follow client instructions
Anthony Martinelli allegedly failed to follow his client’s instructions on options trades. This serious claim forms part of a $3 million dispute filed in July 2024. The client states that Martinelli ignored their directions from 2019 to 2024.
This lack of adherence to client wishes is a major concern in financial advising. Poor management of investment portfolios often stems from not listening to clients. The next section will explore the poor performance linked to Martinelli’s actions.
Poor performance in managing investment portfolio
Moving from client instruction issues, we now focus on portfolio management concerns. Anthony Martinelli faces claims of poor investment performance. A pending dispute seeks $3 million in damages for alleged mismanagement from 2019 to 2024.
This large sum points to serious doubts about Martinelli’s skills in handling client funds. The case suggests a pattern of problems, as it follows a 2004 dispute where a client claimed $25,460.66 in losses.
Though that earlier claim was denied, the new allegations raise fresh questions about Martinelli’s ability to grow and protect client assets over time.
Previous customer dispute
Moving from poor portfolio management, we now turn to a past issue involving Anthony Martinelli. In 2004, a customer filed a dispute against Martinelli. The client claimed he misrepresented details about a variable annuity’s features and surrender charges.
The customer sought $25,460.66 in damages. After review, the claim was denied and not pursued further.
This earlier dispute raises questions about Martinelli’s history with clients. It shows a pattern of complaints spanning years. Such incidents often prompt closer scrutiny of a financial advisor’s practices and ethics.
Clients may wonder if their interests are truly being protected.
Legal Implications and Assistance
Legal issues can arise when financial advisors fail to meet their duties. Want to know more about your rights and options? Read on to learn how you can protect your investments.
Duty to supervise financial advisors
Financial firms must keep a close eye on their advisors. FINRA Rules 3110 and 2090 require this supervision. Firms need to make sure their advisors follow the rules and give good advice to clients.
This duty helps protect investors from bad practices.
Brokers have a big job to do. They must ensure their advice fits each client’s needs. FINRA Rule 2010 sets high ethical standards for brokers. If they fail to meet these standards, they could face serious trouble.
Clients who lose money due to poor advice may have legal options.
Breaches of fiduciary duty and professional responsibility
After discussing the duty to supervise financial advisors, it’s crucial to understand breaches of fiduciary duty and professional responsibility. Financial advisors must uphold loyalty, confidentiality, obedience, full disclosure, and accounting for their clients.
These duties form the core of their professional responsibility. Failing to meet these standards can lead to serious breaches.
Haselkorn & Thibaut, a law firm, often deals with cases where advisors have broken these rules. Breaches may include not following client instructions or managing portfolios poorly.
Such actions can violate FINRA Rule 2010, which requires high standards of commercial honor. Clients who have lost money due to these breaches may seek legal help to recover their losses.
Definition of options trading
Options trading involves buying and selling contracts that give the right to buy or sell a security at a set price. These contracts come in two main types: call options and put options.
Call options allow the holder to buy a security, while put options grant the right to sell. The U.S. Securities and Exchange Commission (SEC) oversees options trading to protect investors and maintain fair markets.
Assistance offered by Haselkorn & Thibaut law firm
Haselkorn & Thibaut offers help to people who lost money with Anthony Martinelli. They work on cases of stockbroker fraud, negligence, and malpractice across the U.S.
They aim to protect investors and seek fair compensation for their losses. Haselkorn & Thibaut provide free case reviews to assess each client’s situation. Next, let’s look at how to contact the firm for legal help.
Need legal help? Call the toll-free number for a free talk. You can also visit the offices in Florida or Texas for in-person advice.
Toll-Free number
Investors who lost money with Anthony Martinelli can get free legal help. Haselkorn & Thibaut law firm offers a toll-free number at 1-888-885-7162 . This number connects people to expert lawyers who know about investment fraud cases.
Callers can talk to the investment fraud lawyers for a free review of their case. The firm works on a contingency fee basis, which means clients pay no legal fees unless they win their case. This setup allows anyone to seek justice, no matter their financial situation.
National Service
Haselkorn & Thibaut law firm has locations nationwide to assist investors. These locations make it easy for clients in both states to get legal help. The firm’s presence in these areas shows their commitment to serving clients across different regions.
Conclusion
Losing money with Anthony Martinelli is a serious matter. Investors have options to recover their losses. Legal help is available for those affected by poor investment choices. Taking action quickly can improve chances of getting money back.
Stockbroker fraud and negligence can harm your finances. Haselkorn & Thibaut support to investors nationwide. Don’t wait to seek help if you’ve lost money with Martinelli
