{"id":7674,"date":"2019-01-28T14:18:05","date_gmt":"2019-01-28T19:18:05","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7674"},"modified":"2019-01-28T14:18:05","modified_gmt":"2019-01-28T19:18:05","slug":"broker-roy-failla-subject-of-1-5m-dispute","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/broker-roy-failla-subject-of-1-5m-dispute\/","title":{"rendered":"Broker Roy Failla Subject of $1.5M Dispute"},"content":{"rendered":"<p>Roy Joseph Failla (<a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/2786551\" target=\"_blank\">CRD #2786551<\/a>) is a registered broker who is currently employed with First Standard Financial Company LLC (CRD #168340) of Red Bank, NJ. His previous employers include Alexander Capital, L.P. (CRD #40077), Brookstone Securities, INC. (CRD #13366, expelled by FINRA on 10\/09\/2012) and J.P. Turner &amp; Company, L.L.C. (CRD #43177), all of Staten Island, NY. He has been in the industry since 1998.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-4714 alignleft\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Honetta-C.-Kao-After-Allegations-of-Unauthorized-Trading-and-Mishandled-Accounts-300x200.jpg\" alt=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Honetta-C.-Kao-After-Allegations-of-Unauthorized-Trading-and-Mishandled-Accounts-300x200.jpg\" width=\"266\" height=\"177\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Honetta-C.-Kao-After-Allegations-of-Unauthorized-Trading-and-Mishandled-Accounts-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Honetta-C.-Kao-After-Allegations-of-Unauthorized-Trading-and-Mishandled-Accounts-180x120.jpg 180w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Honetta-C.-Kao-After-Allegations-of-Unauthorized-Trading-and-Mishandled-Accounts.jpg 743w\" sizes=\"auto, (max-width: 266px) 100vw, 266px\" \/>A customer dispute filed on 5\/29\/2018 alleges that Failla engaged in <em>\u201cunauthorized trading and unsuitable investments,\u201d<\/em> and requests damages of $1,500,000. Failla denies the allegations.<\/p>\n<p>Two of Failla\u2019s previous disputes were filed during Failla\u2019s tenure at Brookstone Securities. The first, filed on 2\/19\/2010, alleged <em>\u201cexcessive and unauthorized trading, fraud, breach of fiduciary duty, misrepresentation and unsuitability.\u201d<\/em>\u00a0 This customer requested damages of $299,817.48, and the case settled for $75,000. The second case, filed on 5\/25\/2010, alleged <em>\u201cchurning, unsuitable trades and misrepresentation.\u201d\u00a0 <\/em>The client requested damages of $417,000.00, and the case was settled for $40,000.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/broker-roy-failla-subject-of-1-5m-dispute\/\"  title=\"Continue Reading Broker Roy Failla Subject of $1.5M Dispute\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Roy Joseph Failla (CRD #2786551) is a registered broker who is currently employed with First Standard Financial Company LLC (CRD #168340) of Red Bank, NJ. His previous employers include Alexander Capital, L.P. (CRD #40077), Brookstone Securities, INC. (CRD #13366, expelled by FINRA on 10\/09\/2012) and J.P. Turner &amp; Company, L.L.C. (CRD #43177), all of Staten [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[725,589,595,590,581,576],"tags":[1359,1494,1493,1495,35,209],"class_list":["post-7674","post","type-post","status-publish","format-standard","hentry","category-breach-of-fiduciary-duty","category-churning-2","category-investment-fraud","category-misrepresentation-and-omission-of-material-facts","category-unauthorized-trading","category-unsuitable-investment-advice","tag-finra-arbitration-lawyer","tag-first-standard-financial-company","tag-roy-failla","tag-roy-failla-first-standard-financial-company","tag-unauthorized-trading","tag-unsuitability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Broker Roy Failla Subject of $1.5M Dispute &#8212; Securities Arbitration Lawyers Blog &#8212; January 28, 2019<\/title>\n<meta name=\"description\" content=\"Roy Joseph Failla (CRD #2786551) is a registered broker who is currently employed with First Standard Financial Company LLC (CRD #168340) of Red Bank, NJ. &#8212; January 28, 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-roy-failla-subject-of-1-5m-dispute\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Broker Roy Failla Subject of $1.5M Dispute &#8212; Securities Arbitration Lawyers Blog &#8212; January 28, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Roy Joseph Failla (CRD #2786551) is a registered broker who is currently employed with First Standard Financial Company LLC (CRD #168340) of Red Bank, NJ. &#8212; January 28, 2019\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Honetta-C.-Kao-After-Allegations-of-Unauthorized-Trading-and-Mishandled-Accounts.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 Roy Failla Subject of $1.5M Dispute &#8212; 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