It’s no laughing matter when an investor’s trust is breached. This is exactly the situation we find ourselves in today, as a serious allegation has been leveled against Matthew Rigoli of Citigroup Global Markets Inc. The gravity of this allegation cannot be overstated, as it involves a considerable sum of money and a breach of trust.
The Allegation Simplified
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To break it down in the simplest of terms, the trustee had given explicit instructions to Rigoli on April 10, 2023, to sell four mutual funds in his account. The trustee planned to reinvest the proceeds immediately in a variable annuity. Rigoli had assured him that it would take about a week to process.
However, the trustee alleges that the funds were not sold and the proceeds were not reinvested for nearly two months. The delay, he claims, resulted in a loss of $11,079.88. He now demands compensation for this alleged loss.
Haselkorn & Thibaut Steps In
Enter Haselkorn & Thibaut, a national investment fraud law firm, who have taken it upon themselves to investigate this matter. With offices in Florida, New York, North Carolina, Arizona, and Texas, the firm is well-positioned to handle such cases.
- They have over 50 years of experience in the field
- They have a success rate of 98% in financial recoveries for investors
- They offer a free consultation to clients
- They operate on a “No Recovery, No Fee” policy
If you’re an affected investor, you can reach out to them at 1-800-856-3352.
FINRA Arbitration: A Possible Solution
For investors who find themselves in such a predicament, there’s a ray of hope. The Financial Industry Regulatory Authority (FINRA) Arbitration can help investors recover their losses. It’s a streamlined process that resolves disputes in a quicker, less formal environment than litigation.
While this allegation is indeed a serious one, it’s comforting to know that there are mechanisms in place to address such issues. With the intervention of Haselkorn & Thibaut and the possibility of FINRA Arbitration, investors can hope for a fair resolution.
Remember, the world of finance is not a jungle. There are rules, regulations, and watchdogs to ensure fair play. And when things go wrong, there are experienced professionals ready to step in and help investors recover their losses.
