DiBrino is also accused of recommending unsuitable investments and negligence.
The Sonn Law Group is investigating allegations that Brian DiBrino committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Brian DiBrino (CRD#: 2837066) is registered as a broker with American Portfolios Financial Services in Fairfield, New Jersey, where he has been employed since 2016. Previously, DiBrino was registered with First Allied Securities from June 2015 until July 2016. DiBrino was registered as a broker and financial advisor with SII Investments from 2007 until 2015.
DiBrino has four disclosures on his BrokerCheck report.
July 2020 Customer Dispute
- Status: Pending
- Allegations: Claimants allege their former representatives recommended alternative investments that were not suitable for them. Claimants generally allege misrepresentation, unsuitable recommendations, breach of fiduciary duty, failure to supervise, breach of contract and negligence.
- Damage Amount Requested: $125,000.00
- Broker Comment: I deny all allegations of the Claimants. All investments were discussed in thorough with the Claimants. Claimants understood all risks associated with all investments. Claimants have not been clients for over 3 years.
May 2020 Customer Dispute
- Status: Pending
- Allegations: Negligence and breach of fiduciary duty
- Damage Amount Requested: $500,000.00
- Broker Comment: I object to the allegations brought on by Claimant. All investments were discussed at length with Claimant prior to purchase, which were in line with his suitability and investment objectives.
July 2016 Employment Separation After Allegations
- Firm Name: First Allied Securities, Inc.
- Termination Type: Discharged
- Allegations: Registered Investment Adviser Representative failed to follow firm policy by permitting a non-registered assistant to reuse client signatures and working in concert with the same assistant to alter client signed documents.
- Broker Comment: My Assistant emailed my client paperwork for a variable annuity subsequent purchase. He had asked to have it emailed to his wife’s email address for they were together at home at the time. My assistant emailed it and his wife asked if they could use the husband’s e-signature. My assistant replied “No” please have your husband sign. The wife used the e-signature anyway with full permission from her husband. I did not realize this until after the business was submitted and approved by First Allied. Also they claim that the documents were altered after signature. The documents were incomplete so the husband came in later that day and in front of him after discussion I filled in the missing information as he sat across from me. Because I did not have him initial, First Allied claims I altered the documents. What they accuse is incorrect.
April 2012 Customer Dispute
- Status: Denied
- Allegations: Client claims that representative failed to report market losses to him beginning in 2008 and mismanaged his account.
- Damage Amount Requested: $70,000.00
- Broker Comment: Client’s statements were sent directly from the investment company on a monthly basis to the clients address of record. I communicated regularly with the client via telephone and face to face meetings during the said period. All of the necessary paperwork was signed by the client and the investments fell within his risk tolerance.
Contact Us Today
The Sonn Law Group is currently investigating allegations that Brian DiBrino committed misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.