Mauriello Law Firm Resolves Over-Concentration FINRA Arbitration Claim for $400,000

October 2023

In a case filed on behalf of an elderly retiree, attorney Thomas Mauriello settled another FINRA arbitration claim against a major nationwide securities brokerage firm. The client had transferred his account to the firm after his long-time broker at another firm retired. The advisor at the new firm liquidated the client’s entire well-diversified portfolio of blue-chip stocks and bonds. He then invested the entire account into aggressive, “disruptive” biotech, pharma, and tech stocks. The account lost 38% within just one year. Mr. Mauriello was able to recover $400,000 on behalf of the client through pre-hearing resolution of the case.

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Our Family needed an attorney who was knowledgeable with FINRA and Tom proved to be very familiar with FINRA. We found him, trustworthy, thorough, honest and sympathetic during an emotionally stressful time with our Family.

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