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Wynston Hill Capital, LLC Broker Robert Calamunci Sr.

Posted on Tuesday, November 23rd, 2021 at 12:52 am    

Wynston Hill Capital

There are options for clients of Wynston Hill Capital, LLC broker Robert Calamunci Sr. (CRD# 1618899) who suffered investment losses. Robert Calamunci Sr. has been registered with the following brokerage firms:

  • NYPPEX, LLC in Lansing, Michigan since July 2021
  • Wynston Hill Capital, LLC in Bronx, New York since 2020
  • Opes Bespoke Securities LLC in New York, New York since 2019
  • Sequoia Investments, Inc. in Myrtle Beach, South Carolina since 2018
  • Xnergy Financial LLC in Los Angeles, California since 2016
  • Wilmington Capital Securities, LLC in Garden City, New York since 2008

In 2006, Robert Calamunci Sr. was terminated from Utendahl Capital Group, LLC regarding that Robert Calamunci Sr. “failed to supervise the accounting department and correct books and records deficiencies.”

Robert Calamunci Sr. faced two regulatory sanctions. In 2007, FINRA sanctioned Robert Calamunci Sr. to a revocation of his registration, regarding: “respondent failed to pay fines and/or costs of $6,729.39 in connection with complaint No. C9b20040007.” That same year, NASD sanctioned Robert Calamunci Sr. to a $7,500 civil and administrative penalty and fine after he “failed to adequately ensure that the firm’s ledgers and other records accurately reflected all assets, liabilities and expenses of the firm; filed inaccurate financial and operational combined uniform single (focus) reports; failed to maintain minimum net capital requirement; failed to give timely notice to the SEC and NASD of material inadequacy in the firm’s accounting system and/or net capital deficiencies.”

In 2004, Robert Calamunci Sr. faced another regulatory sanction by NASD and was suspended for 10business days and fined $13,460.15 regarding: “NASD conduct rule 2110 and 2310 – respondent recommended numerous class b mutual fund transactions to customers, which were unsuitable for these customers. Had class a shares been recommended instead of class b shares, the customers would have (1) been eligible to receive breakpoints on class a share purchases; (2) paid lower 12b-1 fees; and (3) avoided being subject to contingent deferred sales charges.regulator statement.”

Robert Calamunci Sr. Faces Customer Complaint Regarding Suitability Concerns

Robert Calamunci Sr. has been the subject of one customer complaint, according to his CRD report:

August 2020. “Unsuitability, over concentration, unauthorized trading, fraud, and failure to supervise.” The customer is seeking $314,852 in damages and the case is currently pending. The complaint took place while Robert Calamunci Sr. was registered with Wynston Hill Capital, LLC and was regarding options and common and preferred stocks. 

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, Wynston Hill Capital, LLC may be liable for investment or other losses suffered by Robert Calamunci Sr.’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.