John Cangialosi – Financial Advisor/Broker John Cangialosi Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
John Cangialosi is a licensed financial advisor with SW Financial. Jon Cangialosi was previously licensed with Worden Capital Management.
According to FINRA, John Cangialosi was fined $7,500, ordered to pay restitution of $271,622, and was suspended from the securities industry for nine months in September 2021.
According to FINRA Allegations:
Cangialosi consented to the sanctions and to the entry of findings that he engaged in quantitatively unsuitable trading in three customer accounts. The findings stated that Cangialosi recommended high frequency trading in the accounts, with each customer often holding concentrated positions in one or two securities for short periods of time. Cangialosi’s customers routinely followed his recommendations and, as a result, he exercised de facto control over the accounts. Cangialosi’s trading also resulted in high turnover rates and cost-to-equity ratios as well as significant losses. Cangialosi’s trading in the customers’ accounts was excessive and unsuitable given the customers’ investment profiles. As a result, the customers suffered collective realized losses of $405,255, while paying total trading costs of $311,229, including commissions of $292,657.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with John Cangialosi 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 John Cangialosi’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 John Cangialosi 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 8/17/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.