The Boca Raton broker allegedly exercised discretionary power without the consent of a customer or his member firm
In August 2016, the Financial Industry Regulatory Authority (FINRA) took action against Boca Raton-based broker Steven Colacurcio. The Dawson James Securities broker was fined $5,000 and suspended for 15 business days by FINRA for allegedly exercising discretionary power in a customer’s account without obtaining prior written authorization from the customer, and without having the account accepted as a discretionary account by his employing member firm.
Previous customer disputes filed against Steven Colacurcio include allegations of breach of contract, negligence, breach of fiduciary duty, and misrepresentation. Misrepresentation occurs when a broker “intentionally or fraudulently misrepresents a material fact or omits material information related to a security,” and it can result in legal action, including the possible recovery of losses through securities arbitration.
Prior to his employment with Dawson James Securities, Inc. in Boca Raton, FL since June 2009, Colacurcio was employed by these firms, among others:
- Raymond James Financial Securities, Inc. in Boynton Beach, FL from June 2008 to March 2009
- SunTrust Investment Services, Inc. in Boynton Beach, FL from June 2004 to March 2008
- Wachovia Securities, LLC in St. Louis, MO from February 2002 to June 2004
- WM Financial Services, Inc. in Irvine, CA from May 1998 to March 2002
Have you entrusted your investment dollars with Steven Colacurcio? If so, it is important for you to know your rights. If you or someone you know has suffered financial loss through the actions of Colacurcio or any other financial adviser, you may be entitled to reclaim some or all of your losses through securities arbitration.
Reach out to the Silver Law Group today to learn about your options. We represent individual and institutional investors across the United States who have lost money at the hands of a trusted financial adviser. Scott Silver is the current chair of the American Trial Lawyers Association Securities and Financial Fraud Group, and our securities arbitration attorneys have years of experience recovering money for victims of fraud or broker negligence. You will be able to talk to an attorney experienced in securities arbitration and have any of your questions answered.
Since the Silver Law Group is a contingency-based firm, you won’t owe us anything unless you recover lost money. Call us at 1-800-975-4345 or just fill out our online contact form for a free consultation.