Irvine, CA – December 12, 2025 – Brian Joseph Lombardi (CRD# 4227216), a financial advisor registered with Boustead Securities, LLC and Sutter Securities Incorporated, has a pending customer dispute on his FINRA BrokerCheck record. The complaint, filed in FINRA arbitration in August 2025, alleges an unsuitable investment in an alternative investment product from June 2017, when Mr. Lombardi was employed at Aegis Capital Corp. The claimants are seeking alleged damages of $99,500.00. This post provides a detailed overview of the pending complaint, explains the significance of unsuitability allegations, and outlines investor rights and recovery options.
BrokerCheck Snapshot
Name: Brian Joseph Lombardi
CRD #: 4227216
Firms: Boustead Securities, LLC (Irvine, CA) and Sutter Securities Incorporated (Boca Raton, FL)
Location: Irvine, CA / Boca Raton, FL
Years in Industry: 25
Number of Disclosures: 1
Pending Customer Complaint Against Brian Joseph Lombardi
According to FINRA BrokerCheck records, Brian Joseph Lombardi has one pending customer dispute. The details are as follows:
Employing Firm: Aegis Capital Corp.
Date Complaint Received: August 18, 2025 (firm), September 17, 2025 (broker)
FINRA Case Number: 25-01700
Filing Date: August 15, 2025
Arbitration Forum: FINRA, Denver, CO
Status: Pending
Allegations
The complaint alleges that Mr. Lombardi recommended an unsuitable alternative investment to the claimants in June 2017. Alternative investments typically include non-traditional products such as private placements, real estate investment trusts, hedge funds, or other illiquid securities that may carry higher risk and be unsuitable for many retail investors.
Product Type: Alternative investment
Alleged Damages: $99,500.00
Time Frame: June 2017
Allegations: Product is unsuitable
Broker’s Response
Mr. Lombardi denies the allegations and states: “The complaint stems from activity that took place in 2017, I deny all allegations and intend on seeking a judicious resolution.”
What Are Unsuitable Investments?
An unsuitable investment is one that does not align with an investor’s financial situation, investment objectives, risk tolerance, age, or investment experience. Financial advisors have a regulatory obligation under FINRA rules to recommend only suitable investments based on a thorough understanding of the client’s financial profile.
Alternative investments often carry unique risks including illiquidity, lack of transparency, high fees, limited regulation, and potential for total loss. Recommending such investments to conservative investors, retirees, or those who cannot afford to lose their principal may constitute unsuitability and broker misconduct.
Pattern of Conduct / Risk Factors
While Mr. Lombardi currently has only one pending disclosure on his BrokerCheck record, the nature of the allegation raises important considerations for investors. Alternative investments require careful due diligence and should only be recommended to investors who understand the risks and have the financial capacity to sustain potential losses. Investors who worked with Mr. Lombardi and experienced losses in alternative investments or other products should review their account statements and investment recommendations carefully.
Can Investors Recover Losses?
Investors who suffered losses after investing with Brian Joseph Lombardi may be entitled to recover their losses through FINRA arbitration. Common claims in cases involving unsuitable recommendations include:
- Unsuitable investment recommendations
- Failure to conduct adequate due diligence
- Breach of fiduciary duty
- Misrepresentation or omission of material facts
- Failure to supervise by the brokerage firm
Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident, though the timeline can vary depending on the specific circumstances of each case.
Related Brokers and Firms
Investors who worked with advisors at Aegis Capital Corp., Boustead Securities, Sutter Securities, or I-Bankers Direct may want to review their account statements for similar issues. Common problems include unsuitable investment recommendations, unauthorized trading, excessive trading, and failure to supervise by the brokerage firm.
Frequently Asked Questions
What is the pending complaint against Brian Joseph Lombardi?
A customer complaint was filed in FINRA arbitration (Case No. 25-01700) on August 15, 2025, alleging that Mr. Lombardi recommended an unsuitable alternative investment to claimants in June 2017 while he was employed at Aegis Capital Corp. The claimants are seeking alleged damages of $99,500.00. The complaint is currently pending, and Mr. Lombardi denies all allegations.
Can investors recover losses involving Aegis Capital Corp., Boustead Securities, or Sutter Securities?
Yes, investors who suffered losses due to unsuitable recommendations, unauthorized trading, or other forms of broker misconduct may be entitled to pursue recovery through FINRA arbitration. All three firms are FINRA member organizations, and investors have the right to file arbitration claims against registered representatives and their employing firms.
What is FINRA arbitration?
FINRA arbitration is a dispute resolution forum specifically designed for investment-related claims between investors and brokerage firms or brokers. It is typically faster and less expensive than traditional litigation. An independent arbitration panel hears evidence from both sides and issues a binding decision. Most investor agreements with brokerage firms include mandatory arbitration clauses.
What are alternative investments?
Alternative investments are non-traditional investment products that fall outside conventional asset classes like stocks, bonds, and mutual funds. Examples include private placements, hedge funds, real estate investment trusts, limited partnerships, structured products, and commodities. These investments often carry higher risks, including illiquidity, lack of transparency, high fees, and limited regulatory oversight.
How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org and search by the broker’s name or CRD number. The report will show the broker’s employment history, qualifications, and any disclosure events including customer complaints, regulatory actions, or terminations. All registered brokers are required to maintain accurate disclosure records.
What should I do if I suspect broker misconduct?
First, gather all account statements, correspondence, and investment documentation. Review your losses and the nature of the investments recommended. Then, file a complaint with FINRA and consult with a securities attorney who can evaluate whether you have a viable claim. Time limits apply, so it’s important to act promptly.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you lost money after investing with Brian Joseph Lombardi or any broker at Aegis Capital Corp., Boustead Securities, LLC, Sutter Securities Incorporated, or I-Bankers Direct, LLC, we can help. Our experienced securities attorneys will review your case at no cost and explain your options for recovering your investment losses.
Call us today at 800-950-6553 or email info@patillaw.com to schedule your free, confidential consultation. We handle cases nationwide and work on a contingency fee basis—you pay nothing unless we win.
Disclaimer:
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending and unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
