Goodman and Nekvasil May Recover Investors Losses | Apostolos Nicholas Papadea (Nicholas Papadea), Financial Advisor Suspended from Securities Industry
FINRA reports that Apostolos Nicholas Papadea (Nicholas Papadea) was a registered representative with Wells Fargo Advisors, LLC from 2011 to 2015.
Reported by FINRA April 19, 2016, Nicholas Papadea was suspended from association with any FINRA member in any capacity for 20 business days and fined $5,000. FINRA reports that Nicholas Papadea consented to the sanctions and to the entry of findings that Nicholas Papadea exercised discretion when Nicholas Papadea effected transactions in customers’ accounts and failed to obtain written authorization from the customers and the accounts were not accepted as discretionary by his member firm.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 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. All our cases are handled on a purely contingency fee basis.
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. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Apostolos Nicholas Papadea, you may be able to recover your losses from Wells Fargo Advisors, LLC. This is because Wells Fargo Advisors, LLC had a duty to supervise Nicholas Papadea. If you 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.