Vincent Casillo and Metlife Securities, Inc.
Have you lost money with financial advisor Vincent Casillo of Hauppage, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Vincent A. Casillo. FINRA suspended Casillo from the securities industry for twelve months regarding a number of allegations. FINRA alleged that Casillo used a social media account that was not authorized by his brokerage firm, Metlife Securities.
FINRA also alleged that Casillo used this social media account to communicate with a client to settle a case, without Metlife’s knowledge. Casillo was alleged to have paid the customer $155,000 over the span of a few months. Vincent Casillo was also alleged to have borrowed money from a customer, in violation of FINRA regulations and Metlife’s internal policies. Finally, Casillo was also alleged to have failed to disclose two federal tax liens filed against him.
Vincent Casillo was a financial advisor and registered representative of Metlife Securities, Inc. from August 2005 to August 2014. He worked at a branch office in Hauppage, New York. He was terminated from Metlife regarding this conduct in August 2014. Vincent Casillo also filed for bankruptcy in 2015.
Brokerage firms like Metlife 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. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Casillo FINRA AWC
Click to view: Casillo BrokerCheck 2.23.16
HAVE YOU LOST MONEY WITH VINCENT CASILLO or METLIFE SECURITIES?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Denver Office: (720) 599-3505
Seattle Office: (206) 795-5798