Articles Tagged with Nicholas Palumbo

shutterstock_171721244-300x200The law offices of Gana Weinstein LLP are currently investigating claims that advisor Nicholas Palumbo (Palumbo) has been accused by his former employer, Park Avenue Securities LLC (Park Avenue), of engaging in undisclosed outside business activities (OBAs) and private securities transactions.  According to records kept by The Financial Industry Regulatory Authority (FINRA) Palumbo was employed by Park Avenue through April 2020 when the firm permitted him to resign over these allegations.  If you have been a victim of Palumbo’s alleged misconduct our firm may be able to assist you in recovering funds.

Park Avenue’s disclose states that Palumbo was “permitted to resign while under investigation for failure to disclose an unapproved private securities transaction and soliciting clients to invest in same.”

According to Palumbo’s BrokerCheck he has several disclosed OBAs.  It is currently unknown if any of these OBAs had any involvement with Park Avenue’s allegations.  The disclosed OBAs include Empowered Mastery Consultants, Children’s Health & Research Foundation, You Have Infinite Power – a book Palumbo co-authored –, and his securities d/b/a Truvium Financial Group.

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