Robert Gianchiglia, Advisor for USA Financial Securities, Named in $200K Customer Complaint Alleging Misrepresentation

The customer is seeking damages based on allegations of misrepresentation in the sale of private placements. 

The Sonn Law Group is investigating allegations that Robert Gianchiglia misrepresented private placements. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Robert Gianchiglia  (CRD#: 2117250) is currently registered with USA Financial Securities in Worcester, MA. Previously, he was employed with Ameritas Investment Corporation from 2005 until 2017. Gianchiglia was recently named in a customer dispute seeking $200,000 in damages. The dispute is still pending. 

Gianchiglia has seven other disclosures on his BrokerCheck report.

November 2019 Customer Dispute

• Status: Pending
• Allegations: “FINRA arbitration 19-03388 in which the claimants allege misrepresentation in the sale of private placement”
• Damage Amount Requested: $200,000.00

March 2017 Customer Dispute

• Status: Settled
• Allegations: “Between 12/14/2009 and 12/31/2016, claimant is alleging negligence, breach of fiduciary duty, breach of contract, misrepresentation, unsuitable trading, and failure of supervision.”
• Damage Amount Requested: $225,000.00
• Settlement Amount: $45,000.00
• Broker Comment: “Rep did not participate in this Settlement from Broker Dealer Ameritas. Claimants previous complaint against Rep in 2013 was closed without finding in August 2013.”

November 2014 Customer Dispute

• Status: Settled
• Allegations: “Claimant alleges unsuitable investments, negligent account management, misrepresentation, breach of contract, and breach of fiduciary duty. July 2004 – December 2007”
• Damage Amount Requested: $183,582.08
• Settlement Amount: $14,885.00
• Broker Comment: “The arbitration was dismissed 7/14/15. However, a settlement was reached with the client without any admission of wrongdoing on the part of the RR.”

November 2014 Customer Dispute

• Status: Denied
• Allegations: “Claimant alleges misrepresentation and unsuitable investments 3/2005-4/2008”
• Damage Amount Requested: $105,000.00

April 2013 Customer Dispute

• Status: Closed-No Action
• Allegations: “Complainant alleges misrepresentation by the RR.”
• Damage Amount Requested: $1,617,800.00

September 2003 Customer Dispute

• Status: Settled
• Allegations: “Client alleges that he was not told he was purchasing an annuity, and that he never received a contract or a prospectus. Client is  also alleging that the representative had him sign blank forms.”
• Damage Amount Requested: $116,370.72
• Settlement Amount: $116,569.00
• Broker Comment: “Clients allegations were thoroughly investigated. No evidence was found that show that the client signed blank forms. There were several references to annuities in the annuity application which the client signed. While the company was not able to confirm receipt of the contract by the client, and while it was determined that the representative acted appropriately in the sale, in an effort to resolve this matter, the company refunded the clients original deposit.”

October 1974 Criminal Judgment

• Status: Final Disposition
• Charges: 1) Three charges; receiving stolen property, misuse of credit card, & attempt misuse of credit card; 2) misdemeanor charges; 3) pleas not guilty; 4) charges were not investment related. Amount not significant and unknown.
• Charge Type: Misdemeanor
• Disposition: Misdemeanor – Disorderly conduct $100.00 Fine and court costs the fine was paid immediately.
• Broker Comment: “A bachelor party was ongoing. The credit card in question was mistakenly used. All amends were made. Disorderly conduct was the verdict and the fine was paid. This occurred in 1973-1974 and is long forgotten so the details are sketchy.”

April 1973 Criminal Judgment

• Status: Final Disposition
• Charges: Poss of CDS 24:21-20A.3
• Charge Type: Felony
• Disposition: A. Disposition – 1 year probation. B. 3/8/74. C. 1 Year Probation. D. None. E. 3/8/74. F. Penalty – 1 Year Probation. G. N/A
• Broker Comment: “4/4/73 originally stopped for DUI. Individual denied allegations and successfully passed a breathalyzer and field sobriety test. Police did not accept RG identity and investigated RG further to verify. Police searched vehicle and charged RG with possession of CDS (poss of marijuana less than 25 grams). RG pleaded guilty to lesser charge misdemeanor, upon advice of legal counsel. Disposition 1 year probation. Documents to be sealed thereafter. ”

Contact Us Today

The Sonn Law Group is currently investigating allegations that Robert Gianchiglia misrepresented private placements. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.