Tony Lofaso Investigation
July 2022- West Palm Beach, FL
According to FINRA records, Tony Lofaso , a J.W. Cole Financial, Inc., broker discloses a recently settled customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In a recent Circuit Court of Palm Beach County, FL case, a customer of J.W. Cole Financial/Lofaso , alleged that Lofaso failed to properly advise the beneficiary of her rights and available remedies in getting the policy reinstated thereby causing losses. The case settled in 5/2022 in the amount of $995,416.
Lofaso has been employed by J.W. Cole Financial, Inc. since February of 2014. Before that time he was with AXA Advisors.
If you have questions about an account handled by Tony Lofaso, call for a no charge consultation.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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