Leon Vaccarelli, Financial Advisor Leon Vaccarelli Discharged from Firm
Leon Vaccarelli, Financial Advisor Leon Vaccarelli Discharged from Firm | Goodman & Nekvasil P.A, May Recover Investor Losses
Leon Vaccarelli, CRD #3227636
-Financial Advisor Leon Vaccarelli convicted of Fraud Charges
-Leon Vaccarelli was previously licensed with The Investment Center, Inc.
-Arbitration claims filed against Leon Vaccarelli
In May 2018, former financial advisor Leon Vaccarelli was charged with 12 counts of fraud and money laundering in a federal court in Connecticut. If convicted on all of them, Leon Vaccarelli could receive a maximum penalty of 210 years in prison. According to reports, Leon Vaccarelli pled not guillty and was released on a $100,000 bond.
Leon Vaccarelli was licensed with The Investment Center, Inc. from 2011 to 2017. According to FINRA’s records Leon Vaccarelli was discharged from The Investment Center, Inc. on July 19, 2017. The Investment Center, Inc. reported to FINRA that , Leon Vaccarelli through his attorney, failed to comply with company policy regarding access to his office and computer during an examination.
Following Leon Vaccarelli’s discharge from The Investment Center, Inc. the SEC filed an action alleging among other things, that Leon Vaccarelli misappropriated and misused investment funds obtained from clients and customers.
Prior to Leon Vaccarelli’s discharge from The Investment Center, Inc., FINRA investigated Leon Vaccarelli and brought a disciplinary action against Leon Vaccarelli. Leon Vaccarelli consented to a 1-month suspension from the securities and investment banking industry and a $7,500 fine. Leon Vaccarelli also consented to findings that Leon Vaccarelli exercised discretion in customers’ accounts notwithstanding the fact that Leon Vaccarelli did not have written authorization from the customers to place discretionary trades and The Investment Center, Inc. had not approved and accepted the accounts as discretionary. The findings stated that Leon Vacarelli also falsely certified that he did not handle any retail (non-advisory) customer accounts on a discretionary basis on four annual firm compliance questionnaires.
FINRA reports that three arbitration claims involving Leon Vaccarelli’s conduct with The Investment Center, Inc. are currently pending. These claims allege misappropriation of funds, conversion, civil theft, and/or losses in connection to a REIT purchased prior to Leon Vaccarelli’s association with The Investment Center, Inc.
If you lost any money on investments with Leon Vaccarelli, you may be able to recover your losses from The Investment Center, Inc. This is because The Investment Center, Inc. had a duty to supervise Leon Vaccarelli.
If you lost money on investments with Leon Vaccarelli and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against The Investment Center, Inc. concerning Leon Vaccarelli’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Leon Vaccarelli and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Keywords: Leon Vaccarelli, Vaccarelli, Leon William Vaccarelli, The Investment Center, Investment Center, Securities, Securities Attorney, FINRA, SEC, Brokerage, Firm, Broker, Goodman and Nekvasil, investor, investment, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange , Leon VaccarelliBack to Blogs