April 2018 UPDATE-In January 2018 a customer of Legend Securities filed FINRA Case #17-03398 alleging churning, unsuitable investments, unauthorized trading and other claims. The customer seeks damages of $386,279.
According to FINRA records Legend Securities was expelled from the securities industry in April 2017.
May 2017-New York
FINRA records disclose that John S. Cangialosi, who is currently registered with Worden Capital Management, has two prior regulatory events, 6 prior customer disputes, a termination from employment, a current financial event an 1 outstanding judgement/lien.
- In FINRA Case 15-292, a customer of his former employer, Legend Securities alleged negligence, breach of fiduciary duty, negligent supervision, breach of contract and fraud and damages of $250,000. That case was settled for $50,000.
- In FINRA Case 9-103 a customer of his prior employer, J.P. Turner alleged damages of $75,585 for unauthorized trading in the account. That case was settled for $67,832.
Prior to joining Worden Capital Management, Cangiolosi was registered as follows:
- 8/2013-11/2016 Legend Securities
- 6/2012-8/2013 Joseph Gunnar
- 10/2009-6/2012 Brookstone Securities
- 7/2006-2/2009 J P Turner and Company
John Cangiolosi was ‘permitted to resign’ from J.P. Turner in 2/2009 after a customer alleged that his account had been traded without authority. In 12/2013, Cangiolosi filed for Chapter 13 Bankruptcy protection, according to FINRA.
If you have questions about an account handled by John Cangialosi , call for a no charge consultation to discuss your options.
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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