Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Meyer Wilson Investigating Claims Against Former Broker Brandon Gioffre

The securities fraud attorneys at Meyer Wilson are currently investigating claims against former broker Brandon Gioffre (CRD# 2854741).

On June 23, 2016, the Financial Industry Regulatory Authority (FINRA) permanently barred former Constellation Wealth Advisors, LLC broker Brandon D. Gioffre (CRD# 2854741) “from acting as a broker or otherwise associating with firms that sell securities to the public”.

According to FINRA, Gioffre participated in private securities transactions without providing prior notice to his firm, therefore violating National Association of Securities Dealers (NASD) Conduct Rule 3040 and FINRA Rule 2010. He reportedly received $100,000 in commissions for selling around $2 million of securities to two customers. Both purchasers allegedly lost their entire investments.

Without admitting or denying the findings, Gioffre signed a Letter of Acceptance, Waiver and Consent consenting to FINRA’s sanctions on May 25, 2016.

Prior to being barred from acting as a broker, Gioffre was subject to two customer disputes in 2008 that came from the sale of an auction rate security (ARS) made before the widespread illiquidity in the ARS market that happened in February 2008. The disputes were settled for approximately $1.4 million.

Gioffre last worked for Constellation Wealth Advisors, based out of New York, NY, in 2015, when he was permitted to resign after it was alleged that he solicited a private placement that was neither offered by nor approved as an outside business activity or private securities transaction by his employing brokerage firm.

According to his publicly available BrokerCheck report, Gioffre was also discharged from a previous employer prior to joining Constellation Wealth Advisors. In 2014, Morgan Stanley permitted Gioffre to resign over allegations involving the violation of internal policies and procedures apparently unrelated to clients or investments.

He has one pending customer dispute alleging $881,657 in damages.

If you lost money investing with former Constellation Wealth Advisors broker Brandon Gioffre, contact the securities fraud attorneys at Meyer Wilson for a free case consultation to discuss your potential claim. We handle all of our cases on a contingency fee basis, which means that you won’t owe us any fees unless we recover money on your behalf.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram