Seth Nannini, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Goodman & Nekvasil P.A., May Recover Investor Losses | Seth Nannini, Financial Advisor Suspended from Securities Industry 

Seth Nannini CRD #4406510

Seth Nannini has been licensed with Capital Investment Group, Inc. since 2006. FINRA investigated Seth Nannini and brought a disciplinary action against Seth Nannini. Seth Nannini was suspended from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on December 21, 2018. Seth Nannini consented to the sanction and to the entry of findings that Seth Nannini participated in private securities transactions totaling $291,500 without providing written notice to or approval from his member firm. The findings stated that Seth Nannini solicited two firm customers to invest, a total of $290,000, in a biotech manufacturing company (the “company”) and facilitated their investments. FINRA reports that Seth Nannini routed one of the customers’ funds from the customer’s firm account through an IRA outside of the firm before investing the funds in the company, which made it more difficult for the firm to identify that the customer was investing in the company. FINRA reports that the company filed for bankruptcy prior to making any payments to either customer. FINRA reports that as a result, one of the customers lost all of the money she invested in the company. She later obtained $72,500 after filing an arbitration claim arising from her investments, which she settled with the firm, Seth Nannini and two other parties. FINRA reports that the other customer recovered only $788 of the $70,000 he invested, as part of the company’s bankruptcy proceeding. FINRA reports that Seth Nannini also purchased shares of the company’s stock for $1,500 without providing written notice to the firm of his personal investment in the company and submitted compliance questionnaires to the firm in which he stated inaccurately that he had not engaged in any private securities transactions.

FINRA also reports that an arbitration claim has been filed involving Seth Nannini’s conduct with Capital Investment Group, Inc., alleging fraud, constructive fraud, negligent misrepresentation and negligence and violation of the North Carolina Securities Act. This claim alleges damages of $120,000.

If you lost any money on investments with Seth Nannini, you may be able to recover your losses from Capital Investment Group, Inc. This is because Capital Investment Group, Inc. had a duty to supervise Seth Nannini.  

If you lost money on investments with Seth Nannini 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 against Capital Investment Group, Inc. concerning Seth Nannini’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 Seth Nannini 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.

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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