ANGELO JULIUS PICCONE Suspended After FINRA Allegations – Goodman & Nekvasil, P.A., May Recover Investor Losses
Former IBN FINANCIAL SERVICES, INC. investment adviser, ANGELO JULIUS PICCONE Suspended After FINRA Allegations.
CRD#: 1401761
ANGELO JULIUS PICCONE (CRD#: 1401761), a former registered representative for IBN FINANCIAL SERVICES, INC. in PITTSFORD, NY, consented to a five-month suspension from associating with any FINRA member in all capacities; a $10,000 fine; and disgorgement of $23,905.81 plus interest.
According to Piccone’s FINRA BrokerCheck Report, Between November 2020 and February 2021, while associated with IBN, Piccone recommended that a retail customer invest 77% of her net worth, not including her primary residence, in speculative alternative investments.
FINRA also alleges that one of the alternative investments was in bankrupt, GWG Holdings.
ANGELO JULIUS PICCONE Suspended After FINRA Allegations.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 1/30/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.