To resolve allegations brought by securities regulators, in a recent filing with FINRA , Joseph T. Pappalardo consented to the entry sanctions and findings that between August 2008 and August 2012 he made fraudulent and misleading representations to a customer in connection with the sale of private securities.
Pappalardo failed to divulge to his member firm that he was operating an outside business activity, Coast-2-Coast Properties and Prosperity Financial Estate Planning and Insurance Services and was soliciting their business away from his then employer Financial Network Investment Corp (now known as Cetera Investment Advisors Network).
Pappalardo received a permanent bar from the securities industry.
If you suffered losses in an account handled by Pappalardo, contact us to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law provides nationwide representation to investors 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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