Former Janney Montgomery Scott LLC Client Wins FINRA Arbitration for $125,000 for Energy Limited Partnership Investment Losses
Posted on Tuesday, June 23rd, 2020 at 8:28 pm
In March 2020, a former client of Janney Montgomery Scott LLC won an award in a FINRA arbitration for compensatory damages for $125,000 for losses sustained from energy limited partnerships. The investors were clients of brokers Gregory Dudzik (CRD# 1133671) and Steven Piatassi (CRD# 1000558).
The causes of action included breach of fiduciary duty, failure to supervise, unsuitability and negligence. The causes of action are related to an Energy Limited Partnership. The FINRA arbitration hearing was conducted in Providence, Rhode Island.
Dudzik has been registered with Janney Montgomery Scott LLC in Providence, Rhode Island since 1998. Dudzik has also been the subject of two additional customer complaints between 2013 and 2018, one of which was denied, according to his CRD report.
Pitassi has been registered with Janney Montgomery Scott LLC in Providence, Rhode Island since 1981.
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, Janney Montgomery Scott LLC may be liable for investment or other losses suffered by Dudzik and Pitassi’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.