{"id":7489,"date":"2019-01-04T15:32:16","date_gmt":"2019-01-04T20:32:16","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7489"},"modified":"2019-01-04T15:32:56","modified_gmt":"2019-01-04T20:32:56","slug":"broker-john-cione-subject-of-600k-customer-dispute","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/broker-john-cione-subject-of-600k-customer-dispute\/","title":{"rendered":"Broker John Cione Subject of $600K Customer Dispute"},"content":{"rendered":"<p>John Michael Cione (<a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/1742561\" target=\"_blank\">CRD #1742561<\/a>) is a registered broker and investment advisor currently employed with Independent Financial Group (CRD #7717) of San Diego, CA. His previous employers include Sentra Securities Corporation (CRD #10249) and Spelman &amp; Co., Inc. (CRD #10232) both of Phoenix, AZ and Foresters Equity Services, Inc. (CRD #18464), also of San Diego. He has been in the industry since 1987.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-1823\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/11\/pic-2-300x200.jpg\" alt=\"FINRA Reports Brokers Nas Adel Allan and Gregory Anastos Made Unsuitable Recommendations on elderfinancialfraudattorneys.com\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/11\/pic-2-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/11\/pic-2-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/11\/pic-2-1024x683.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/11\/pic-2-1000x667.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/11\/pic-2-180x120.jpg 180w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/11\/pic-2.jpg 1254w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>One of Cione\u2019s customers recently filed a dispute, alleging that from September 2007 and August 2016, he made unsuitable recommendations for investments that incurred financial losses and <em>\u201clost opportunity.\u201d <\/em>For this claim, the client is asking for damages of $671,490.00. Cione denies the claim and intends to defend it.<\/p>\n<p>Cione has one previous regulatory disclosure from 1990, issued by the National Association Of Securities Dealers, Inc. (predecessor to FINRA.) He was censured and fined $2,000. No additional information is available.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/broker-john-cione-subject-of-600k-customer-dispute\/\"  title=\"Continue Reading Broker John Cione Subject of $600K Customer Dispute\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>John Michael Cione (CRD #1742561) is a registered broker and investment advisor currently employed with Independent Financial Group (CRD #7717) of San Diego, CA. His previous employers include Sentra Securities Corporation (CRD #10249) and Spelman &amp; Co., Inc. (CRD #10232) both of Phoenix, AZ and Foresters Equity Services, Inc. (CRD #18464), also of San Diego. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580,576],"tags":[222,1365,1366,1345,251],"class_list":["post-7489","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct","category-unsuitable-investment-advice","tag-independent-financial-group","tag-john-cione","tag-john-cione-independent-financial-group","tag-securities-arbitration-lawyers","tag-unsuitable-recommendations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Broker John Cione Subject of $600K Customer Dispute &#8212; Securities Arbitration Lawyers Blog &#8212; January 4, 2019<\/title>\n<meta name=\"description\" content=\"John Michael Cione (CRD #1742561) is a registered broker and investment advisor currently employed with Independent Financial Group (CRD #7717) of San &#8212; January 4, 2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/broker-john-cione-subject-of-600k-customer-dispute\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Broker John Cione Subject of $600K Customer Dispute &#8212; Securities Arbitration Lawyers Blog &#8212; January 4, 2019\" \/>\n<meta name=\"twitter:description\" content=\"John Michael Cione (CRD #1742561) is a registered broker and investment advisor currently employed with Independent Financial Group (CRD #7717) of San &#8212; January 4, 2019\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/11\/pic-2.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Broker John Cione Subject of $600K Customer Dispute &#8212; 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