Eugene Riggio, formerly of Wilmington Capital Securities, Barred from Securities Industry
Have you lost money with financial advisor Eugene Riggio of Hawthorne, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Eugene A. Riggio. FINRA barred Riggio from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Riggio to determine whether he misused customer funds.
Eugene Riggio was a financial advisor and registered representative of Wilmington Capital Securities from April 2015 to October 2016. He worked at a branch office in Hawthorne, New York. Riggio was terminated by Wilmington Capital Securities regarding allegations that he borrowed money from a customer.
Brokerage firms like Wilmington Capital Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York and throughout the New York City area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Riggio, Eugene FINRA AWC
Click to view: Riggio, Eugene BrokerCheck 5.12.17
If you lost money with Eugene Riggio or Wilmington Capital Securities, please CONTACT US at 206-795-5798 or 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.