A recent investor complaint disclosed on Jamestown, North Dakota financial advisor Paul Witthauer’s (CRD# 1672263) BrokerCheck report concerns allegations regarding...Read More
James Ciocia: $200K Complaint Against Generations Tax & Wealth Advisor
James Ciocia (CRD# 1619245), a financial advisor in Tampa, Florida, has received investor complaints alleging six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Cetera Financial Specialists and owner of Generations Tax & Wealth Management.
Mr. Ciocia’s BrokerCheck report discloses two investor complaints. One of them, filed in August 2021, alleges that as a representative of National Securities Corporation, he recommended an unsuitable investment strategy involving common and preferred stock products. The pending complaint alleges damages of $200,000.
A second investor complaint, filed in February 2022, alleges that Mr. Ciocia recommended an unsuitable private placement while a representative of National Securities Corporation. The pending complaint alleges damages of $100,000.
According to the Financial Industry Regulatory Authority, James Ciocia holds 34 years of securities industry experience. Based in Tampa, Florida, he has been a broker and investment advisor with Cetera Financial Specialists and Cetera Investment Advisors since 2020. He is the owner of Generations Tax & Wealth Management, which offers securities through Cetera. His past registrations include National Securities Corporation (Tampa, Florida; 2013-2020), Prime Capital Services (Tampa, Florida; 1999-2013), Royal Alliance Associates (Jersey City, New Jersey; 1989-1999), JT Securities (Great Neck, New York; 1994-1998), Integrated Resources Equity Corporation (1988-1989), The Equitable Life Assurance Society of the United States (1988-1989), Equico Securities (1988-1989), and Life Planning (1988). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Combined State Law Examination, or Series 66; the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He holds 28 state licenses. (Information current as of June 22, 2022.)
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