Tony Falsetta – Financial Advisor/Broker Sanctioned by SEC | Goodman & Nekvasil, P.A. May Recover Investor Losses
Tony Falsetta a/k/a Anthony A. Falsetta CRD #1454903
Tony Falsetta was a previously licensed financial advisor with Stoever, Glass & Company, Inc. and Drexel Hamilton LLC.
This matter involves deceptive conduct by former registered representative Anthony A. Falsetta in connection with retail order periods in municipal bond offerings. Municipal issuers hold retail order periods to give top priority to retail investors seeking to purchase new issue bonds. This retail priority is important because municipal offerings are often over-subscribed, meaning not all orders to purchase the bonds will be filled. Between January 2016 and April 2018 (the “relevant period”), Falsetta violated retail order period priority provisions in certain new issue municipal bond offerings by placing orders for broker-dealers, who were attempting to buy bonds for their inventory, as retail customer orders. Falsetta did so despite knowing that pursuant to issuer priority rules, orders on behalf of broker-dealers do not qualify for retail priority. This practice misled issuers and senior managing underwriters, who were deceived into allocating bonds to a broker-dealer instead of to legitimate retail investors. This practice also operated as a fraud on purchasers because, in some instances, it resulted in legitimate retail purchasers being crowded out of the offering.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Tony Falsetta 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 Tony Falsetta’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 $200 million on behalf of victimized investors. If you lost money on investments with Tony Falsetta 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 9/1/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.