Erik Pica - Financial Advisor Erik Pica Investigated by FINRA
Erik Pica - Financial Advisor/Broker Erik Pica Investigated by FINRA | Goodman & Nekvasil P.A., May Recover Investor Losses
Erik Pica CRD #4829533
Erik Pica has been licensed with Joseph Stone Capital L.L.C. in New York since 2015. According to FINRA, on July 22, 2019, FINRA made a preliminary determination to recommend that disciplinary action be brought against Erik Pica.
ACCORDING TO FINRA Allegations:
Erik Pica made potential violations, specifically:
·Conversion of funds from a customer, in violation of FINRA Rule 2010 and FINRA Rules 2150(a) and 2010;
·Providing false or misleading information to Joseph Stone Capital, L.L.C. regarding the disposition of funds from a customer, in violation of FINRA Rule 2010; and
·Providing false or misleading information to FINRA staff during on-the-record testimony on May 31, 2019 that was requested pursuant to FINRA Rule 8210 regarding the circumstances under which Erik Pica obtained and used customer funds, in violation of FINRA Rules 8210 and 2010.
According to Erik Pica’s CRD, three customer disputes alleging sales practice violations against Erik Pica are currently pending.
Customer Dispute 5/10/18: Allegations include unauthorized trade of 600 shares of Rite Aid Corp and unauthorized trade of 550 shares of Valeant Pharmaceutical.
Customer Dispute 3/21/18: Allegations include unsuitable securities, highly speculative, commissions, retirement funds, churning and negligent supervision. This customer dispute seeks $500,000 in damages.
Customer Dispute 7/3/17: Allegations include failure to treat claimant in a just and equitable manner; breach of fiduciary duty; breach of contract; negligence and negligent misrepresentation. This customer dispute seeks $120,000 in damages.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Erik Pica and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Erik Pica’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Erik Pica and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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