CHRISTOPHER GALLO Suspended by FINRA – Goodman & Nekvasil, P.A. May Recover Investor Losses
JOSEPH STONE CAPITAL L.L.C. broker, CHRISTOPHER GALLO Suspended by FINRA.
CHRISTOPHER GALLO
CRD#: 6045888
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
FINRA suspended Gallo for Between June 30, 2020, and November 2021, Gallo recommended to two retail customers a series of trades that were excessive and not in the customers’ best interests. As a result, Gallo willfully violated the Best Interest Obligation under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Regulation BI or Reg BI) and violated FINRA Rule
2010.
According to FINRA, between June 30, 2020 and November 2021, Gallo excessively traded the accounts of two retail customers, one of whom was a senior. Gallo’s trading resulted in high turnover rates and cost-to-equity ratios that were well above the traditional guideposts of six and 20 percent.
Gallo consented to a five-month suspension.
CHRISTOPHER GALLO Suspended by FINRA.
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 12/02/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.