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CALIFORNIA CONSUMER AND
SECURITIES FRAUD LAWYER
CONTACT ATTORNEY THOMAS MAURIELLO

Mauriello Law Firm Obtains Arbitration Award on Behalf of Citigroup Investor

After a four day arbitration hearing in San Francisco, Thomas Mauriello obtained an arbitration award of $88,750 for a retiree who had turned over his retirement account to Citigroup Global Markets, Inc., formerly Salomon Smith Barney. (Cruz v. Citigroup Global Markets, Inc., FINRA Arb. No. 07-00350.) The client was a Mexican immigrant who had invested his 401K retirement savings after 30 years working as a bookkeeper at the same company. He was a conservative investor with no prior brokerage firm accounts. He also had a serious disability and a grown child (dependent) with a serious disability. At the outset of the account, the advisor invested the client’s assets 45% into technology and telecommunications stocks, with no hedging, limit orders, or other protective measures employed. The account was invested through Citigroup’s Portfolio Management Group (“PMG”), through which purportedly elite Citigroup financial advisors handle client accounts on a discretionary account basis, charging a percentage fee based on asserts under management. In an arbitration award issued on December 22, the arbitration panel specifically found that the Citigroup financial advisor had breached his fiduciary duty to the client, had recommended unsuitable investments, and had acted negligently. Investors who believe they may have claims involving Citigroup in general or the Portfolio Management Group in particular are encouraged to contact Thomas Mauriello for a free consultation.

Client Reviews
★★★★★
Tom, thank you for your all help. Among the three other attorneys I talked with, I chose you because you really listened, asked thoughtful questions and sought all information to understand my situation. That gave me confidence in you above all others. I am a believer in receiving feedback, so I just wanted to share my thoughts with you. If I come across anyone that is looking for counsel in this industry I will certainly refer them your way. Scott Yi, Securities Registered Representative
★★★★★
Thomas was very thorough, kind and truly cared about me and my case. He went above and beyond the call of duty. Every time I contacted him he me made me feel like a very important client. His skills, intelligence and demeanor lead to a victory in the courtroom! Susan De Diminicantanio
★★★★★
As a business development consultant, there have been times to which I am in need of counsel for the review and strategic advice a range of diversified employment and compensation packages. In this sense, Thomas Mauriello has been my trusted counsel, paying particular attention to the settle nuances the language and structure of contractual agreements, and rely heavily on his expert opinion as a plaintiff's lawyer! Emma Makinen, DOAP Kitchens, LLC
★★★★★
Our Family needed an attorney who was knowledgeable with FINRA and Tom proved to be very familiar with FINRA. We found him, trustworthy, thorough, honest and sympathetic during an emotionally stressful time with our Family. Annette Hellmich
★★★★★
I would recommend Mr. Mauriello highly - - to anyone - - - wish I had more friends in the area who need an attorney! He was extremely knowledgeable, timely, courteous, - AND - he won my case! Would call him again in an instant should the need arise. Nancy Brown