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Joseph Audia Of VCS Venture Securities And Formerly With Joseph Stone Capital L.L.C. Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Joseph Audia of VCS Venture Securities?

Joseph Audia

Joseph Audia (CRD #2909761) who is currently registered as a broker with VCS Venture Securities and located in Hauppauge, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to VCS Venture Securities, Joseph Audia was associated with Joseph Stone Capital L.L.C. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Joseph Audia has had his own regulatory problems. In December 2021 consented without admitting or denying the findings that he failed to reasonably supervise a registered representative who excessively and unsuitably traded certain customer accounts. He was suspended and a principal capacity for 2 months and fined $5000 and ordered to attend continuing education courses.

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Joseph Audia Customer Complaints

Joseph Audia has been the subject of 4 customer complaints that we know about seeking to recover investment losses. Two of the customer complaints were settled by his former employer in favor of the investors. One of the customer complaints was denied by another former employer and the investor took no further action. The last complaint was recently filed as a FINRA arbitration proceeding against Joseph Stone Capital and VCS Venture Securities for the advisor’s alleged misconduct and still pending.

Allegations Against Joseph Audia

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Suitability, negligence, and lost opportunity.
  • Failure to follow client’s instructions.
  • Negligent use of margin, suitability, unauthorized trading, and churning.
  • Complaint of unsuitability, fraud, churning, negligence, and breach of fiduciary duty.

Joseph Audia Red Flags & Your Rights As An Investor

Of course, Joseph Audia did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Joseph Audia at VCS Venture Securities and Joseph Stone Capital L.L.C. on alert to review carefully the activity and performance of their accounts and question whether Joseph Audia has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at VCS Venture Securities and Joseph Stone Capital L.L.C. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At VCS Venture Securities Due To Joseph Audia

If you have questions about VCS Venture Securities, Joseph Stone Capital L.L.C. and/or Joseph Audia and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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