Jay Ruggiere: NYC Advisor Received REIT Complaint

Alexander Capital financial advisor Jay Ruggiere (CRD# 2548108) has received an investor complaint alleging he committed fraud. Financial Industry Regulatory Authority records show that he is a broker based in New York City.

Mr. Ruggiere’s BrokerCheck report discloses one investor complaint. Filed in July 2020, the complaint alleged that in 2015, he engaged in fraudulent misrepresentation by selling the customer a real estate investment trust (REIT) product which “he was not allowed to sell.” The complaint alleged damages of $165,725.75 and was eventually denied by his member firm, Alexander Capital. In a statement about the REIT complaint, Mr. Ruggiere asserted that the complaint was meritless, writing: “Customer is dissatisfied with the performance of a product that Broker did not sell him.”

When a complaint is denied by the firm that receives it, for reference, this denial does not necessarily mean the complaint was groundless. Investors can still pursue recovery through other actions, like FINRA arbitration claims.

According to the Financial Industry Regulatory Authority, Jay Ruggiere holds 16 years of securities industry experience. Based in New York City, he has been a broker with Alexander Capital since 2008. He was previously registered with Trident Partners in Hauppage, New York from 2006 until 2008. His credentials include the passage of three securities industry examinations: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. His other business activities include his involvement in Ruggiere Agencies, Ruggiere Ventures, Ruggiere Consulting, and Haven Wealth Management. He is licensed in New York and New Hampshire. (Information current as of August 10, 2022.)

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