Anthony Mastroianni, Jr.—Excessive Trading and Alleged Churning Allegations

Cleveland stockbroker fraud lawyerAnthony Mastroianni, Jr. Allegedly Engaged in Excessive Trading or Churning in a Senior Citizen’s Account Held at J.P. Turner and then at Alexander Capital

Anthony Mastroianni, Jr. allegedly churned or excessively traded an elderly customer’s account which was held at J.P. Turner and then at Alexander Capital, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Said AWC also states that Anthony Mastroianni, Jr. was associated with J.P. Turner and then at Alexander Capital whilst allegedly churning the aforementioned accounts,

In addition, Anthony Mastroianni, Jr. also allegedly borrowed $90,000 from said customer as well as an additional customer in four transactions, without notifying his firms or obtaining their approval, the AWC further notes.

Mastroianni, in April of 2009, became associated as a GSR with J.P. Turner & Company, L.L.C. and, in May 2012, became associated as a GSR with Alexander Capital, L,P, where he remained until November 2013, the AWC reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Anthony Mastroianni, Jr.’s alleged churning of customer accounts.

Anthony Mastroianni, Jr. Banned by FINRA after Allegedly Refusing to Appear for On-the-record Testimony

Anthony Mastroianni, Jr. allegedly refused to appear for on-the-record testimony as requested FINRA after FINRA opened a case to investigate alleged acts of customer churning, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

On October 31, 2016, FINRA Staff sent a request to Mastroianni for on-the-record testimony pursuant to FINRA Rules, according to the aforementioned AWC.

Mastroianni allegedly acknowledges that he received FINRA’s request and would not appear for on-the record testimony at any time, and hence, violated FINRA Rules and has been barred by FINRA, the AWC reports.

As a result of the aforementioned behavior Anthony Mastroianni, Jr. allegedly violated FINRA Rules and hence has been barred by FINRA from associating with any FINRA member in any capacity.

Furthermore, the AWC also notes that “the sanctions imposed herein shall be effective on a date set by FINRA staff, A bar or expulsion shall become effective upon approval or acceptance of this AWC.”

One should also note that, according to the AWC, Anthony Mastroianni, Jr. neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged churning and are currently investigating Anthony Mastroianni, Jr.’s alleged acts of customer churning. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Anthony Mastroianni, Jr.’s  alleged acts of customer churning may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.