Goodman & Nekvasil P.A., May Recover Investor Losses | Raymond John Pirrello Jr. – Raymond Pirrello, Financial Advisor Suspended from Securities Industry
Raymond Pirrello was licensed with Garden State Securities, Inc. from 2008 until 2016. FINRA reports that Raymond Pirrello was suspended from the securities industry on November 20th, 2018 for 18 months and ordered to pay a $20,000 monetary fine. FINRA reports that Raymond Pirrello consented to the sanctions and to the entry of findings that Raymond Pirrello exchanged business related text messages, using his personal cell phone, and business-related emails, using an unauthorized persona email address, to engage in firm related business with a customer at Raymond Pirrello’s member firm. The findings also state that these communications included a written complaint by the customer alleging that as a result of Raymond Pirrello’s misconduct, including failure to follow the customer’s instructions, the customer suffered approximately $300,000 in damages.
Garden State Securities, Inc. reported to FINRA that a complaint was filed involving Raymond Pirrello’s conduct, alleging unauthorized trading, suitability, churning and negligence. This complaint was settled for $300,000.
If you lost any money on investments with Raymond Pirrello, you may be able to recover your losses from Garden State Securities, Inc. This is because Garden State Securities, Inc. had a duty to supervise Raymond Pirrello.
If you lost money on investments with Raymond Pirrello 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 Garden State Securities, Inc. concerning Raymond Pirrello’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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Raymond Pirrello 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.
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