Frank Venturelli (Frank Vaughn) – Broker Frank Vaughn Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Frank Vaughn was a previously licensed financial advisor with First Standard Financial Company LLC. According to FINRA, Frank Vaughn was suspended from the securities industry for 11 months.
According to FINRA Allegations:
Venturelli consented to the sanctions and to the entry of findings that he engaged in quantitatively unsuitable trading in customers’ accounts. The findings stated that Venturelli recommended the trading in the customers’ accounts, and they followed his recommendations. As a result, Venturelli exercised de facto control over the accounts. Venturelli’s trading of the accounts resulted in high turnover rates and cost-to-equity ratios as well as significant losses. Venturelli’s trading was excessive and unsuitable given the customers’ investment profiles, and it was virtually impossible for any of the customers to earn a profit. As a result of Venturelli’s excessive trading, the customers suffered collective losses of $373,226 and paid $169,803 in commissions and fees.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Frank Vaughn 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 Frank Vaughn’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 $200 million on behalf of victimized investors. If you lost money on investments with Frank Vaughn 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.
Some of the information in this blog post was obtained on 12/18/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.