Articles Tagged with Paul Dangelo

shutterstock_151894877-300x200The securities attorneys at Gana Weinstein LLP are currently investigating previously registered broker Paul Dangelo (Dangelo). According to BrokerCheck Records, Dangelo has been subject to six customer disputes, the majority concerning unauthorized trades and unsuitable investment recommendations in Puerto Rico bonds.   In addition, Dangelo has been subject to termination from two firms of employment.

In January 2017, a customer alleged that from March 2005 to January 2017, Dangelo placed the customer in high-risk, uninsured Puerto Rico bonds that were unsuitable for the customer’s investment needs and objectives considering the customers old age of 70 years old and retiree status.

In addition, in September 2016, a customer alleged that from March 2005 to February 2015, Dangelo placed the customer in unsuitable bonds that did not match the customer’s objectives of safe, passive income investments.

Dangelo has also been subject to resignation and termination from firms of employment. In March 2018, Dangelo was terminated from Oppenheimer & Co. Inc. (Oppenheimer) for neglecting to inform the firm about a regulation inquiry. In March 2015, Dangelo voluntarily resigned from Wells Fargo Advisors, LLC (Wells Fargo) due to a customer allegation that Dangelo was executing unauthorized trades in customer accounts. Continue Reading