DID JOHN SEBASTION CANGIALOSI CAUSE YOU INVESTMENT LOSSES?
John Cangialosi Formerly With SW Financial Has 10 Customer Complaints For Alleged Broker Misconduct
About John Cangialosi formerly with SW Financial?
John Cangialosi (CRD #3273830) has a significant history in the securities industry, though he is not currently registered. His career includes affiliations with various firms, notably SW Financial, Worden Capital Management LLC, and Legend Securities, Inc., with tenures ranging from 2006 to 2022. Cangialosi has passed three general industry/product exams: Series 79, Series 7, and the Securities Industry Essentials (SIE), as well as one multi-state securities law exam (Series 63). His diverse experience across multiple firms and exams reflects a broad engagement with the securities industry, primarily based in New York.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Cangialosi Customer Complaints and Reviews
John Cangialosi’s career has included several significant disclosure events:
- Regulatory Events (5 events):
- Permanently barred by FINRA in 2024 for refusing to appear for testimony regarding outside business activities.
- Suspended for nine months and fined by the Maryland Division of Securities in 2021 for excessive and unsuitable trading.
- Customer Disputes (10 events):
- A $30,000 settlement in 2018 for claims of churning and unsuitability among other issues at Legend Securities.
- Another dispute settled for nearly $68,000 in 2009 at J.P. Turner & Co. LLC concerning unauthorized trades.
- Termination (1 event):
- Discharged from a firm in 2023 following internal review leading to allegations of unsuitable investments and unauthorized trading practices.
Allegations Against John Cangialosi
- Regulatory Actions:
- Accusations of failing to cooperate with FINRA’s requests, leading to a permanent bar.
- Multiple suspensions related to unsuitable and excessive trading practices that resulted in significant customer losses.
- Customer Complaints:
- Allegations of churning, unsuitability, unauthorized trading, and negligence across several brokerage firms.
- Termination:
- Allegations leading to his discharge involved significant non-compliance with standard trading practices and protocols.
John Cangialosi Red Flags & Your Rights As An Investor
Of course, John Cangialosi did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of John Cangialosi at SW Financial on alert to review carefully the activity and performance of their accounts and question whether John Cangialosi has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at SW Financial also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At SW Financial Due To John Cangialosi
If you have questions about SW Financial and/or John Cangialos and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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