Elizabeth Guarino – Financial Advisor/Broker Elizabeth Guarino Suspended from Securities Industry

Elizabeth Guarino – Financial Advisor/Broker Elizabeth Guarino Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Elizabeth Guarino CRD #1264531

Elizabeth Guarino was a formerly licensed financial advisor with Wells Fargo Clearing Services, LLC.

According to FINRA, Elizabeth Guarino was suspended from the securities industry for 15 months and fined $10,000 in November 2019.

According to FINRA Allegations:

Elizabeth Guarino consented to the sanctions and to the entry of findings that Elizabeth Guarino recommended speculative securities transactions, in oil and natural gas limited partnerships whose general credit rating was junk, to her elderly member firm customer that were unsuitable. The findings stated that the customer was a homemaker with minimal investment experience and living on social security and income from her investment portfolio. She was a conservative investor with investment objectives of long-term and moderate growth and income. The customer relied on Elizabeth Guarino to make suitable investment recommendations to pursue continuous financial support for her retirement. As a result of Guarino’s unsuitable recommendations, the customer suffered principal losses of over $150,000. The firm compensated the customer for her losses. The findings also stated that Elizabeth Guarino effected trades in the elderly customer’s accounts without her knowledge and authorization or consent prior to entering the trades, and thereby engaged in unauthorized trading in the customer’s accounts.

Goodman & Nekvasil, P.A. May Recover Investor Losses:

If you lost money on investments with Elizabeth Guarino and believe 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 concerning Elizabeth Guarino’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 $180 million on behalf of victimized investors. If you lost money on investments with Elizabeth Guarino 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. 

Elizabeth Guarino, 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, Elizabeth Guarino

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