DID ANGELO FRANK ANELLO CAUSE YOU INVESTMENT LOSSES?
Angelo Anello Of LPL Financial LLC Has 4 Customer Complaints For Alleged Broker Misconduct
About Angelo Anello of LPL Financial LLC?
Angelo Anello (CRD #2835091) is currently registered with LPL Financial LLC in Needham, Massachusetts, where he has been employed since May 29, 2009. Over his career, Anello has worked with several major firms including Citigroup Global Markets Inc. and Banc of America Investment Services. He is registered with one Self-Regulatory Organization and licensed in 23 U.S. states and territories. Anello has passed six industry exams, including the General Securities Principal Examination (Series 24), General Securities Representative Examination (Series 7), and Uniform Investment Adviser Law Examination (Series 65), highlighting his broad qualifications across various aspects of securities and investment advisory services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Angelo Anello Customer Complaints and Reviews
Angelo Anello has four customer disputes listed in his record:
- Customer Dispute (Settled): Anello faced a claim involving unsuitable investment recommendations in structured products, which resulted in a $30,000 settlement without admission of wrongdoing. This dispute was formally settled on February 20, 2024.
- Customer Dispute (Settled): Another claimant alleged unsuitability regarding investments made ten years ago in variable annuities and alternative investments, leading to a settlement of $14,500 on January 17, 2023, again without any admission of fault by Anello.
- Customer Dispute (Closed – No Action): A dispute filed in March 2009 concerning allegations of unsuitable investment recommendations was dismissed in May 2013, with the arbitrators denying all claims against Anello.
- Customer Dispute (Pending): Currently, Anello is involved in a dispute alleging unsuitable investment recommendations related to structured products between August 2021 and March 2023, with alleged damages amounting to $84,538. This case is still pending as of May 2024.
Allegations Against Angelo Anello
- Unsuitability: Anello has been accused several times of recommending investments that were allegedly not aligned with the clients’ risk tolerances and investment objectives.
- Misrepresentation: In some disputes, clients have claimed that Anello misrepresented the nature of the investments, particularly concerning the safety and expected returns of structured products and annuities.
- Improper Investment Strategy: Accusations have centered around Anello’s strategy potentially not adhering to a conservative or suitable approach as per the clients’ profiles.
Angelo Anello Red Flags & Your Rights As An Investor
Of course, Angelo Anello 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 Angelo Anello at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Angelo Anello has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC 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 LPL Financial LLC Due To Angelo Anello
If you have questions about LPL Financial LLC and/or Angelo Anello 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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