Anthony Vincent Ferrone—Unsuitable Trading of Unit Investment Trusts in Client Accounts

investment fraud attorney ClevelandAnthony Vincent Ferrone Allegedly Engaged in Unsuitable Trading of Unit Investment Trusts in Client Accounts

Anthony Vincent Ferrone, of Manwah, New Jersey, allegedly took part in Unsuitable Trading of Unit Investment Trusts in Customer Accounts, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Anthony Vincent Ferrone’s  alleged unsuitable trading of Unit Investment Trusts in customer accounts are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Anthony Vincent Ferrone’s alleged unsuitable trading of Unit Investment Trusts in customer accounts.

Anthony Vincent Ferrone Barred by FINRA after Allegedly Refusing to Provide Complete Testimony; Ferrone Allegedly Departed before its Completion

Ferrone, in October 2016, became the subject of a FINRA staff investigation regarding his alleged potential unsuitable trading of Unit Investment Trusts in customer accounts, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

In connection with said investigation, on May 2, 2017, FINRA staff sent a request to Ferrone on May 2, 2017 for on-the-record testimony pursuant to FINRA Rules, the AWC notes.

Ferrone allegedly appeared for on-the-record testimony on June 21, 2017, but refused to provide complete testimony as required pursuant to FINRA Rules, and Ferrone allegedly stated that he did not intend to proceed further on that date or at any future date and departed prior to the completion of his OTR testimony, and thus violated FINRA Rules, the AWC states.

Mr. Ferrone began his securities career in 1983 at Philips, Appel & Walden. Throughout the years, he purportedly represented several firms including Prudential Securities, Lehman Brothers, Smith Barney, Dean Witter and UBS, the AWC notes. Ferrone joined Morgan Stanley in 2011 and worked there until July 2016, when he was purportedly terminated, and in September 2016, he became registered with Ameriprise, which allegedly terminated him this past March, the AWC notes.

One should also note that, according to the AWC, Anthony Vincent Ferrone 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 investment fraud and are currently investigating Anthony Vincent Ferrone’s alleged unsuitable trading of Unit Investment Trusts in customer accounts. 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 Vincent Ferrone’s alleged unsuitable trading of Unit Investment Trusts in customer accounts 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 (1252 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.