Skip to Content

Zamansky LLC Investigates Potential Investment Fraud Claims Against Laidlaw Financial Advisor Todd Anthony Cirella

April 20, 2023 Active Cases & Investigations

Our firm is investigating potential investment fraud claims by customers of former Laidlaw & Co. Ltd. (“Laidlaw”) financial advisor Todd Anthony Cirella in Woodbury, New York.  

In January 2013, Mr. Cirella agreed to an Acceptance, Waiver and Consent (AWC) with FINRA the Financial Industry Regulatory Authority, which suspended him from association with any brokerage firm for three months and fined him $5,000.

According to the AWC, from June 2020 and January 2021, Mr. Cirella recommended a series of trading in an account held by a senior customer that was excessive, unsuitable, and not in the customer’s best interest. Mr. Cirella recommended 46 transactions in the customer’s account which generated $27,566 in commissions and resulted in approximately $12,000 in trading losses.  The commissions from the excessive trading imposed a high cost-to-equity ratio meant the customer’s account would have to grow by more than 37 percent annually just to break even. 

What an Investor Can Do

If you were a customer of Mr. Cirella and wish to discuss whether you have a case for potential investment fraud, please call investment fraud attorney Jake Zamansky at (212) 742-1414 or email for a free evaluation of your potential legal rights.

Tell Us About
Your Losses

Categories

Jake's Blog

Client Reviews

“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
View More
Tell Us About Your Losses Get Started