Erez Law is currently investigating former Landolt Securities, Inc. broker Anthony Cottone (CRD# 4394861) regarding private placement investment losses. Anthony Cottone was registered with Landolt Securities, Inc. in Boca Raton, Florida from 2016 to 2017. Previously, he was registered with Financial West Group in Boca Raton, Florida from 2014 to 2016 and with Midamerica Financial Services, Inc. in Boca Raton, Florida from 2012 to 2014 and with Axa Advisors, LLC in Boca Raton, Florida from 2009 to 2010, when he was terminated regarding, “RR was permitted to resign while under investigation in connection with unapproved advertising and sales practice violations.”
In December 2018, FINRA barred Cottone after he “failed to respond to FINRA request for information.”
In December 2017, the Florida Office of Financial Regulation issued a regulatory complaint alleging that he made a material misstatement on the application for registration.
In January 2022, the Securities and Exchange Commission (SEC) barred Anthony Cottone regarding his participation in the offering of a penny stock. According to the SEC, “Cottone and his now defunct unregistered investment adviser raised approximately $2.76 million from 11 investors in connection with the sale of preferred interests in a private fund through false and misleading representations and material omissions regarding the fund’s use of investor proceeds, undisclosed conflicts of interest, and Cottone’s background. The complaint also alleged that Cottone misused and misappropriated the fund’s assets. In addition, the complaint alleged that Cottone sold securities in unregistered transactions and acted as an unregistered broker.”
Anthony Cottone Customer Complaints
Anthony Cottone has been the subject of one customer complaint in 2020, according to his CRD report:
July 2020. “Fail to supervise RR, overconcentration in private placements.” The customer sought $260,000 in damages and the case was settled for $150,000. The complaint was regarding private placements and took place while Cottone was registered with Landolt Securities, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Landolt Securities, Inc. may be liable for investment or other losses suffered by Anthony Cottone’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.