Pending complaints against UBS Financial Services broker and investment advisor Jose Cornide (CRD# 2785918) allege the Coral Gables, Florida-based representative...Read More
Craig Siegel: Complaints Against New York City Financial Advisor
Settled and pending investor complaints against former New York City broker Craig Siegel (CRD#: 5759415) allege conduct including suitability violations, negligence, breach of contract, churning, and more. Siegel is a former representative of Portfolio Advisors Alliance, according to information drawn from Financial Industry Regulatory Authority records.
A pending 2018 complaint alleges that as a representative of Portfolio Advisors Alliance, he made unsuitable investment recommendations, breached regulatory requirements, breached his fiduciary duty, breached contract, acted negligently and grossly negligent, and churned investments between July 2013 and August 2017. The complaint alleges unspecified damages.
A pending 2018 complaint alleges that as a representative of Portfolio Advisors Alliance, he engaged in excessive trading, churned investments, recommended unsuitable trades, and failed in his supervisory duties. The complaint alleges damages of $99,300.56.
A pending 2018 complaint alleges that as a representative of Portfolio Advisors Alliance, he made unsuitable investment recommendations, breached his fiduciary duty, breached contract, unsuitably concentrated investments, failed in his supervisory duties, and acted negligently in connection to investments in common and preferred stock products. The complaint alleges damages of $240,463.93.
In April 2019 FINRA suspended Craig Siegel in connection to allegations he failed to respond to a FINRA request for information. He was suspended from associating with any FINRA member in any capacity; the suspension began on May 10, 2019 and lifted on July 16, 2019.
Craig Siegel is currently not registered as a broker or investment advisor. His employment history includes Portfolio Advisors Alliance in New York, New York and John Thomas Financial in New York, New York. He currently holds zero state licenses and has passed three securities industry qualification examinations: the Uniform Securities Agent State Law Examination (Series 63), the Securities Industry Essentials Examination (SIE), and the General Securities Representative Examination (Series 7).