The Financial Industry Regulatory Authority (“FINRA”) has barred stockbroker Eric Vici. from the securities industry. Mr. Vici was expelled from the brokerage industry for refusing to cooperate with a FINRA investigation that originated from a complaint made to FINRA by the executor of a customer’s estate about his handling of the customer’s funds.
Mr. Vici was registered with PFS Investments, Inc. in Melbourne, Florida, from November 2012 until October 2019. He has also been affiliated with Primerica Financial Services, an affiliate of PFS Investments.
If you have suffered financial losses investing with Eric John Vici, PFS Investments, Inc., or Primerica Financial Services, contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your account.
Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as PFS Investments, Inc. and Primerica Financial Services.
FINRA Letter of Acceptance, Waiver, and Consent No. 2021069176201
Eric John Vici (CRD No. 6114866) and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on May 14, 2021, after Mr. Vici refused to provide information and documents in connection with FINRA’s investigation. The investigation originated from a complaint made to FINRA by the executor of a customer’s estate about his handling of the customer’s funds.
On April 9, 2021, in connection with FINRA’s investigation, FINRA sent a letter to Mr. Vici requesting on-the-record testimony pursuant to FINRA Rule 8210. On April 24, 2021, Mr. Vici stated on a phone call that he would not provide the requested information or documents at any time.
By refusing to provide the information or documents, Mr. Dellaporta violated FINRA Rules 8210 and 2010.
Supervisory Duties
Brokerage firms like PFS Investments, Inc. and Primerica Financial Services must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.
How to Recover Financial Losses or Obtain a Free Consultation
If you have lost money with financial advisor Eric John Vici, PFS Investments, Inc., or Primerica Financial Services, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (855) 430-4010 for a free and confidential evaluation of your account.
Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.