Wells Fargo Advisor Robert M. Giusti Under Investigation for Unsuitable Recommendations and Other Alleged Misconduct

Silver Law Group is investigating customer complaints against Wells Fargo advisor Robert M. Giusti (“Giusti”) located in New York, NY. There are four customer complaints against Giusti and one civil action alleging a number of securities law violations, including unsuitable investments, misrepresentations, negligence, unauthorized use of margin funds, and excessive trading.

The most recent FINRA arbitration was filed in April 2015 and alleged unsuitable investment recommendations, excessive trading, and misrepresentation and omission of material facts for exchange-traded funds (“ETFs”) purchased between December 2010 and June 2015 totaling $1,326,374.00 in losses. Another securities arbitration filed in January 2012 similarly alleged unsuitable investment recommendations and settled for $45,000.00.  A civil judgment was filed against Giusti in April 2015 for $1,100,000.00 by Morgan Stanley Smith Barney, which was awarded this amount in a FINRA arbitration claim brought against Giusti.

Giusti entered the securities industry in 1995. He has been registered with 11 firms over the course of his career.  From November 2006 through June 2009, Giusti was employed by Citigroup Global Markets Inc.  Giusti had a brief stint with Morgan Stanley June 2009 through September 2009.  From August 2009 until December 2013, Giusti was associated with Merill Lynch, Pierce, Fenner & Smith Incorporated in New York City.  Most recently, Giusti has been employed by Wells Fargo Advisors, LLC since December 2013.

Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.