Rocco Guidicipietro: Alexander Capital Advisor Denies $2.6mm Complaint

Recent investor complaints against Red Bank financial advisor Rocco Guidicipietro (CRD# 2489732) allege that he engaged in fraud and other forms of misconduct. Records maintained by the Financial Industry Regulatory Authority show that he is currently registered as a broker with Alexander Capital.

Mr. Guidicipietro’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2023, alleges that as a representative of Alexander Capital, he committed fraud, engaged in fraudulent concealment, and breached contract. The pending complaint alleges damages of $2,625,000. In a statement included with the complaint’s disclosure, Mr. Guidicipietro defended himself against the allegations, which he described as “defamatory” and meritless. “”The customer complains about investments that he knowingly made with a different person and I was not involved with those purchases,” he wrote in part.

A second investor complaint, filed in April 2022, alleges that as a representative of Alexander Capital, he committed fraud, breached his fiduciary duty, converted funds, breached contract, violated the Investment Advisors Act, and engaged in civil conspiracy. The pending complaint alleges unspecified damages. In a statement defending himself against the allegations, Mr. Guidicipietro described them as false and meritless. “This case involves a company that raised money from investors,” he wrote. “Defaulted on its notes and the noteholders sued the company. Instead of taking responsibility for the notes that it willingly entered into, they had concocted allegations against myself and other individuals.”

A third investor complaint, filed in 2018, alleged supervisory failures while he was at Alexander Capital. In 2020 the complaint reached a settlement of $13,000. In a statement describing the allegations as “defamatory and untrue,” Mr. Guidicipietro wrote that he “was never the supervisor for the activity at issue” and “had nothing to do with any of the allegations.”

According to the Financial Industry Regulatory Authority, Rocco Guidicipietro holds 28 years of securities industry experience. Based in Red Bank, New Jersey, he has been a broker with Alexander Capital since 2012. His registration history includes Legend Securities, JP Turner & Company, Paulson Investment Company, Paragon Capital Corporation, LT Lawrence & Company, Continental Broker-Dealer Corporation, State Capital Markets Corporation, and Hanover Sterling & Company. His credentials include the passage of nine securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Registered Options Principal Examination, or Series 4; the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the Compliance Officer Examination, or Series 14; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Operations Professional Examination, or Series 99TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Connecticut, Florida, Georgia, Kentucky, Maryland, Michigan, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, the Virgin Islands, and Washington. (Information current as of May 27, 2023.)

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