Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Pasquale Evangelista (Evangelista), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Evangelista recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $277,686.00 on June 24, 2024.
Claimant alleges FA had a conflict of interest from also servicing claimant’s sibling’s account and the account of Claimant’s mother’s trust and that FA pressured her to sell securities in her account to pay down a line of credit even though her account was not the primary pledged account for the line. Claimant also alleges that following transfer of the funds to pay down the line, her account was frozen, and securities were liquidated because the account balance fell below the loan-ratio requirements. Allegation Activity Dates: 8/2018 – 8/2023.