Securities Lawyers Blog
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Peter Viglione (Viglione) has been subject to at least four customer complaints during his career. Viglione is currently employed by Laidlaw & Company (UK) Ltd. (Laidlaw). The majority of the customer complaints against Viglione concern allegations of high frequency trading activity also referred to as churning.
In May 2018 a customer filed a complaint alleging that Viglione violated the securities laws by, among other things, that Viglione’s activities from 2015 through 2017 caused $20,179 in damages. The claim settled.
In May 2018 a customer filed a complaint alleging that Viglione violated the securities laws by, among other things, that Viglione engaged in unauthorized trading and excessive trading from 2015 through 2016 caused $200,000 in damages. The claim is currently pending.
In July 2012 a customer filed a complaint alleging that Viglione violated the securities laws by, among other things, that Viglione engaged in unauthorized trading, excessive trading, and misrepresentations causing $780,000 in damages. The claim was settled for $125,000.