Roger Zullo & LPL Financial – Defrauding Clients and Falsifying Client Suitability Profiles

Roger Salvatore Zullo and LPL Financial Allegedly Defrauded His Clients, Falsified Client Financial Suitability Profiles, and Sold His Customers Unsuitable Variable Annuities

Roger Salvatore Zullo allegedly defrauded his clients, falsified client financial suitability profiles, and sold his customers unsuitable variable annuities, according to a Consent Order from the Massachusetts Securities Division currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating Roger Zullo’s alleged investment fraud and falsification of client suitability profiles.

Investors who believe they may have lost money in activity related to Roger Zullo’s alleged investment fraud and falsification of client suitability profiles are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Roger Zullo, a Boston securities broker, allegedly made fabricated client risk profiles in order to make sales of “scores” of annuities from 2013 through April 2016, the Order notes.

Zullo fell under the scope of a FINRA investigation which commenced on January 2017 regarding allegations of fraud, falsification, and unsuitability in the aforementioned complaint filed by the Massachusetts Securities Division, the Order states. Some sections of the alleged misconduct in the complaint also alleged purportedly affected customers who were senior citizens, the Order notes.

The complaint from the Massachusetts Securities Division also recently alleges that LPL Financial and Roger Zullo, allegedly profited on sales of unsuitable, illiquid, high-commission variable annuities and thus purportedly violated the firm’s own sales policies, the Order reports.

Zullo allegedly made $1.8 million in commissions and many of his customers purportedly surrendered cost of thousands of dollars, according to the aforementioned complaint filed by Massachusetts Secretary of the Commonwealth William Galvin, the Order notes.

Roger Zullo Allegedly Consented to a Permanent Bar from the Securities Industry in Massachusetts, a $40,000 Administrative Fine, and Disgorgement of $1,875,348

Roger Zullo allegedly consented to a permanent bar from the securities industry in Massachusetts, a $40,000 administrative fine, and disgorgement of $1,875,348, according to the aforementioned Order currently under review by attorneys Alan Rosca and James Booker.

Payment for disgorgement was waived due to Zullo‘s financial circumstances, the Order also states.

Zullo, who has been working in the securities industry since 1988, has no disclosure events listed on his BrokerCheck profile, according to FINRA.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Roger Zullo’s alleged investment fraud and falsification of client suitability profiles. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Roger Zullo’s alleged investment fraud and falsification of client suitability profiles may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Mark Koehler—Unsuitable Trading

Mark Charles Koehler Allegedly Engaged in Unsuitable Trading, Including Short-term Mutual Fund Switching and Excessive Trading in Customer Accounts; Koehler also Allegedly Placed Undue Influence before a Customer’s Death

Mark Koehler allegedly engaged in unsuitable trading, including short-term mutual fund switching and excessive trading in customer accounts, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Mark Koehler’s alleged unsuitable trading are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Mark Koehler’s alleged unsuitable trading.

Mark Koehler, the AWC further alleges, also purportedly placed undue influence on another customer before her death, and also allegedly failed to disclose his status as a named beneficiary in the second customer’s will to his member firm.

Mark Koehler Barred by FINRA; Koehler Allegedly Refused to Produce Information and Documents Requested by FINRA in the Course of an Investigation Regarding Unsuitable Trades in the Account of a Senior Citizen

Koehler, in December 2006, reportedly became associated with Cetera Advisor Networks LLC as a General Securities Representative in Chadds Ford, Pennsylvania, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

By February 20, 2015, Cetera had allegedly filed an initial Uniform Termination Notice of Securities Industry Registration stating that Koehler had been fired on January 23, 2015.

The trouble began when, in April 2014, FINRA reportedly opened an investigation in April 2014 after getting a tip that Koehler had engaged in unsuitable trades in the account of a senior customer, known only as R.P., the AWC notes.

What is more, FINRA also reportedly reviewed trading in certain other of Koehler‘s customer accounts, including those associated with another customer, known only as M.K., and her senior customer parents, the AWC reports.

FINRA, the AWC states, allegedly sought to investigate, among other activity, whether Koehler engaged in unsuitable trading, including short-term mutual fund switching and excessive trading in customer accounts, and whether he placed undue influence on customer R.P. before her death, and failed to disclose his status as a named beneficiary in customer R.P.’s will to his employing broker-dealer, Cetera.

Koehler allegedly failed to answer FINRA’s request for documents and information and therefore violated FINRA Rules and, hence, has been barred by FINRA from associating with any FINRA member in any capacity, the AWC notes.

One should also note that, according to the AWC, Mark Koehler neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Mark Koehler’s alleged unsuitable trading. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Mark Koehler’s alleged unsuitable trading may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2vqwDi2
via Securitieslitigatos.com