Erik Patrick Pica (CRD #4829533) is a currently registered broker employed with Joseph Stone Capital L.L.C. (CRD #159744) of New York, NY. His previous employers include Global Arena Capital Corp (CRD #16871, expelled by FINRA on 4/1/2016), First Midwest Securities, Inc. (CRD #21786), Chicago Investment Group, LLC (CRD #11853, expelled by FINRA on 9/14/2010) and Eastbrook Capital Group LLC (CRD #39781, expelled by FINRA on 9/23/2009), all of New York City. He has been in the industry since 2004.
Pica is the subject of seven disclosures, all customer disputes. The first one was filed on 5/10/2018, alleging “unauthorized trade of 6000 shares Rite Aid Corp unauthorized trade of 550 shares Valeant Pharmaceutical.” The client requests damages of $7,613.65. This case is currently pending.
The next customer dispute was filed on 5/4/2018, with allegations of negligence, over-concentration and suitability.” This client requests damages of $293,000. This case is also currently “pending.”
A customer dispute filed on 3/21/2018 alleges “unsuitable securities, highly speculative, commissions, retirement funds, churning, negligent supervision.” Requested damages total $500,000, and the case is “pending.”
Another pending customer dispute filed on 7/3/2017 alleges that Pica failed to treat the customer “in a just and equitable manner.” Additionally, the customer alleges “breach of fiduciary duty; breach of contract; negligence and negligent misrepresentation,” and requests damages of $120,000.
Pica has four earlier customer disclosures. Two were denied, and one was settled.
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