Articles Tagged with Robert Tricarico

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Yesterday, the Securities and Exchange Commission (SEC), barred Robert Tricarico from the industry. Between 2010 and 2012, Tricarico was accused of stealing at least $1.2 million from Emily Anderson, an elderly Connecticut woman. Anderson died in 2013 and the missing funds were discovered by the managers of her estate after her death. Last October, Tricarico was sentenced to 41 months in prison and ordered to pay back full restitution to Anderson’s estate, as well as $20,000 he borrowed from another elderly client that he used for personal gain.

Robert Neil Tricarico was previously registered with First Associated Financial Group from May 1986 until February 1987, Merrill Lynch in New York, New York from October 1992 until June 2003, Citigroup in Westport, Connecticut from June 2003 until April 2009, Wells Fargo in Westport from March 2009 until May 2011, and LPL Financial in Westport from May 2011 until January 2015. He has six customer disputes against him and one criminal dispute. The Financial Industry Regulatory Authority (FINRA) has also barred him from the industry.

Tricarico’s former firms, Wells Fargo and LPL can be sued in the FINRA arbitration forum for investment losses. Please call our securities law firm today if you suffered losses with Tricarico. Firms such as Wells Fargo and LPL must reasonably supervise their employees and, if they do not, can be held liable for money losses. We take cases on a contingency fee basis only so we don’t make money unless you recover yours. Please call today. The call is free with no obligation. 312-332-4200.

AdobeStock_17723177-1-300x175According to ThinkAdvisor.com, the 12 worst financial advisors in America are:

  1. Joe Bonnett: Bonnett failed to account for $1.35 million of client funds. He was charged with first-degree forgery and insurance fraud. Bonnett committed suicide while out on bond.

Securities America, Omaha, Nebraska, January 1995 until October 2015

According to recent public records, Robert Tricarico, a former investment advisor with LPL Financial in Westport, Connecticut, was sentenced to more than three years in jail by a federal court. Tricarico was charged with stealing more than $1.1 million from an elderly client, along with her coin collection. Tricarico allegedly misappropriated more than $1.1 million of the client’s money by writing numerous checks to himself without the client’s authorization. He also allegedly liquidated the client’s coin collection and misappropriated checks made payable to the victim, using the stolen money to pay for things for himself. Previously, he also allegedly defrauded two additional victims out of $20,000 by falsely representing to them that he would use their investments for a business venture and guaranteed a rate of return. Instead, he used that money for his own purposes.

Tricarico was registered with First Associated Financial Group from May 1986 until February 1987, Merrill Lynch in New York, New York from October 1992 until June 2003, Citigroup Global Markets in Westport, Connecticut from June 2003 until April 2009, Wells Fargo Advisors in Westport from March 2009 until May 2011 and LPL Financial in Westport from May 2011 until January 2015. He has six customer disputes against him, one of which is currently pending. He has one criminal pending charge against him, as well. He is not licensed within the industry and has been permanently barred from the industry.

If you would like to discuss possible legal action against LPL Financial with one of our attorneys, please call our Chicago-based law offices today for a free consultation. There is no obligation. LPL may be responsible for money losses because the firm had a duty to reasonably supervise Robert Tricarico, and, because it did not, may be liable. 312-332-4200.

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