Robert Baldwin Del Guercio Has Been the Subject of a FINRA Sanction
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Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 8, 2018 indicate that former New Jersey-based Herbert J. Sims & Co. Inc. broker/adviser Robert Baldwin Del Guercio, also known as Robert B. DelGuercio, has been barred from associating with any FINRA member in all capacities. Epperson & Greenidge is interested in speaking to investors who have complaints regarding Mr. DelGuercio (CRD# 2639851).
Robert DelGuercio has spent twenty-two years in the securities industry and was most recently registered with Herbert J. Sims & Co. Inc. in Iselin, New Jersey (2012-2017). Previous registrations include UBS Financial Services in Bedminster, New Jersey (2009-2012); and PNC Investments in Chester, New Jersey (2004-2009). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 22, 1995, Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 18, 2017 and Series 7 (General Securities Representative Examination), which he obtained on September 13, 1995. He is currently not registered with any state or firm.
According to his FINRA BrokerCheck report, he has received one FINRA sanction, ten customer complaints, and was discharged from a former employer in connection to alleged rule violations.
In July 2016 a customer alleged Robert Del Guercio, while employed at Herbert J. Sims & Co., Inc., acted negligently, breached his fiduciary duty, made unauthorized trades, committed churning and over-concentrated the accounts in unsuitable corporate and municipal debt and other structured products. The customer sought $400,000 in damages. The complaint settled in August 2017 for $155,000.
In October 2017, without admitting or denying the findings, Del Guercio consented to the sanction and to the entry of findings that he refused to appear for FINRA-requested on-the-record testimony related to an arbitration claim filed by his customers alleging sales practice violations. He was issued an indefinite-permanent bar from associating with any FINRA member in all capacities.
If you or someone you know has lost money investing with Robert Del Guercio, call the experienced attorneys at Epperson & Greenidge at 877-445-9261 for a free consultation. You may be eligible to recoup your losses. Epperson & Greenidge accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-445-9261 now to speak to an attorney for free.
Written by Andrew Greenidge