Goodman & Nekvasil P.A, May Recover Investor Losses | Anthony Sica, Financial Advisor Suspended from Securities Industry
Since 2003, Anthony Sica has been licensed with Joseph Gunnar & Co. LLC.
FINRA brought a disciplinary action against Anthony Sica in 2017. Anthony Sica consented to a 3-month suspension, a $20,000 monetary fine, and $3,039.11 in restitution. Anthony Sica consented to the sanctions entry of findings that Anthony Sica made unsuitable recommendations to an elderly customer living on a fixed income. The findings stated that Anthony Sica repeatedly recommended that the customer purchase high-risk, speculative securities that were inconsistent with her investment profile. According to FINRA, Anthony Sica’s recommendations resulted in losses of more than $150,000. The findings also stated that Anthony Sica engaged in unauthorized trading by placing trades in the IRA accounts of a customer who Anthony Sica knew was deceased causing aggregated losses on the trades.
FINRA reports that seven complaints and/or arbitration claims were filed alleging sales practice violations against Anthony Sica. The complaints and/or arbitration claims alleged unsuitability, frequent trading, unauthorized trading, poor performance, mismanagement and breach of fiduciary duty. The claims were settled for as high as $302,500 of which Anthony Sica contributed $181,500.
If you lost any money on investments with Anthony Sica, you may be able to recover your losses from Joseph Gunnar & Co. LLC. This is because Joseph Gunnar & Co. LLC. had a duty to supervise Anthony Sica.
If you lost money on investments with Anthony Sica and believe that 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 against Joseph Gunnar & Co. LLC, concerning Anthony Sica’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.
Goodman & Nekvasil, P.A. has recovered approximately $180 million on behalf of victimized investors. If you lost money on any investments with Anthony Sica 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.