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Brian Visconti: $200K Complaint Against Fired Raymond James Rep
A pending investor complaint alleges former Raymond James & Associates representative Brian Visconti (CRD# 5851551) made improper investment recommendations. Financial Industry Regulatory Authority records show that the Tampa, Florida broker and financial advisor is now registered with The Jeffrey Matthews Financial Group
Mr. Visconti’s BrokerCheck report discloses one pending investor complaint against him. Filed in 2022, it alleges that as a representative of Raymond James & Associates, he “improperly recommended investing in only a handful of technology sector equities.” For reference, FINRA has warned investors to be cautious about the risks of over-concentrating their investments in a particular market segment or asset class, which may expose their portfolio to “amplified risks.” The pending complaint alleges damages of $200,000.
In February 2022, Raymond James & Associates terminated Mr. Visconti. According to a disclosure on his BrokerCheck report, his firing was in relation to allegations he “failed to follow firm policies and procedures and made inconsistent statements to management regarding outside securities account.”
According to the Financial Industry Regulatory Authority, Brian Visconti holds eleven years of securities industry experience. Based in Tampa, Florida, he has been a representative of The Jeffrey Matthews Financial Group since March 2022. His past registrations include Raymond James & Associates (Tampa, Florida, 2020-2022), Wells Fargo Clearing Services (Wilton, Connecticut; 2017-2020), JP Morgan Securities (New City, New York; 2013-2017), Wells Fargo Advisors (New City, New York; 2013), JP Morgan Securities (Yorktown Heights, New York; 2012-2013), Chase Investment Services (Somers, New York; 2011-2012), and AXA Advisors (Poughkeepsie, New York; 2011). His credentials include the passage of three securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He is licensed in California, Connecticut, Delaware, Florida, Maine, Massachusetts, New Jersey, New York, North Carolina, South Carolina, and Vermont. (Information current as of May 21, 2022.)
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