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Damian Maggio Facing a Dispute Alleging a Failure to Supervise

Damian Maggio (CRD #: 2864247), a broker registered with Joseph Stone Capital, is the subject of two pending investor disputes, according to his BrokerCheck record, accessed on September 15, 2023. 

On August 3, 2023, investors named Damian Maggio in a dispute alleging a failure to supervise. The investor is seeking $354,994.55. 

There is a similar dispute from January 12, 2022. Investors are seeking over $2.8 million. 

FINRA Rule 3110 – Failure to Supervise

Failure to supervise violates FINRA Rule 3110, which requires that firms establish supervisory systems to ensure their compliance with securities regulations. Firms must also ensure that supervisory personnel have the training or experience necessary for their role.

Background Information 

Damian Maggio has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 79TO Investment Banking Registered Representative Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Principal Examination 

He is a registered broker in 10 states. 

Damian Maggio has registered with the following firms: 

  • Joseph Stone Capital (CRD #: 159744) 
  • First Midwest Securities (CRD #: 21786) 
  • J.P. Turner & Company (CRD #: 43177) 
  • Brundyn Securities (CR D#: 124493) 
  • North American Clearing (CRD #: 39118) 
  • LH Ross & Company (CRD #: 37920) 
  • Lloyd Scott & Valenti, Ltd. (CRD #: 23640) 
  • KSH Investment Group (CRD #: 41817) 
  • Harrison Securities (CRD #: 14103) 
  • Whitehall Wellington Investments (CRD #: 38022) 
  • M.S. Farrell & Company (CRD #: 24232)
  • LCP Capital Corp. (CRD #: 14469) 
  • Royal Hutton Securities (CRD #: 14489) 
  • Gaines, Berland Inc. (CRD #: 14623) 

Kurta Law Can Help

If you worked with Damian Maggio and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.

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