ANTHONY GRASSI is currently employed as a Broker and/or Investment Adviser at FIRST ALLIED SECURITIES, INC. located at 1110 SOUTH AVENUE, BUILDING 1, 4TH FLOOR, SUITE 1, STATEN ISLAND, NY, 10314.
ANTHONY GRASSI has worked at FIRST ALLIED SECURITIES, INC. since December 09, 2008
Disclosure History
ANTHONY GRASSI has 2 Disclosure Event(s).
Date: August 07, 2012 Category: Customer Dispute Allegations: CLAIMANT ALLEGES 1) VIOLATION OF 10(B) AND RULE 10(B)(5) OF THE SECURITIES EXCHANGE ACT OF 1934; 2) BREACH OF CONTRACT; 3) COMMON LAW FRAUD; 4) NEGLIGENCE; AND 5) BREACH OF FIDUCIARY DUTY FROM APPROXIMATELY 2005 TO NOVEMBER 2008. Settlement Amount: $7,951.50
Date: March 24, 2005 Category: Customer Dispute Allegations: THE CLIENTS CLAIMED THE ADVISOR PLACED THEM IN A PORTFOLIO WHICH WAS BEYOND THEIR RISK TOLERANCE. THE PURCHASES WERE MADE IN FEBRUARY 2001 AND LIQUIDATED IN MAY 2002. Damage Amount Requested: $78,250.00 Broker Comment: AEFA'S REVIEW FOUND THE ADVISOR'S RECOMMENDATIONS WERE SUITABLY BASED UPON THE CLIENT'S AGGRESSIVE RISK TOLERANCE AND EXTENSIVE INVESTMENT EXPERIENCE. THE PORTFOLIO THE CLIENTS' HELD PRIOR TO MOVING ASSETS TO AEFA CONSISTED PRIMARILY OF INDIVIDUAL STOCKS AND GROWTH FUNDS, AND THE CLIENTS EVEN TRADED NUMEROUS STOCK OPTIONS. THEIR MARKET LOSSES WERE NOT ATYPICAL UNDER PREVAILING MARKET CONDITIONS.
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