Frank Anthony Monte (Franco Monte) – Customer Disputes Filed Alleging Sales Practice Violations Against Financial Advisor/Broker Franco Monte | Goodman & Nekvasil P.A., May Recover Investor Losses
Franco Monte is a previously licensed financial advisor with American Portfolios Financial Services, Inc. According to Franco Monte’s BrokerCheck Report, three customer disputes have been filed alleging sales practice violations against Franco Monte.
Customer Dispute 9/24/2018: Allegations against Franco Monte are breach of fiduciary duty by recommending high commission products while also charging advisory fees and unsuitable recommendations. This customer dispute is pending.
Customer Dispute 9/18/2018: Allegations against Franco Monte are breach of fiduciary duty by recommending high commission products while also charging advisory fees and unsuitable recommendations. This customer dispute is pending.
Customer Dispute (Award) 3/12/2015: Franco Monte was the subject of an arbitration claim against his member firm that asserted the following causes of action: breach of fiduciary duty, violation of FINRA rules, negligence, breach of contract, aiding and abetting, unjust enrichment, and respondeat superior. Franco Monte’s member firm was found liable and was ordered to pay $461,387.15 to the Customer. The product at issue was a Real Estate Security.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost any money on investments with Franco Monte, you may be able to recover your losses. If you lost money on investments with Franco Monte 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 concerning Franco Monte’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 more than $180 million on behalf of victimized investors. If you lost money on investments with Franco Monte 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.
Some of the information in this blog post was obtained on 1/23/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
Frank Anthony Monte, Frank Monte, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Frank Anthony Monte, Frank Monte