Paul Mauceli, Financial Advisor Paul Mauceli Suspended from Securities Industry

Paul Mauceli, Financial Advisor Paul Mauceli Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Paul Mauceli CRD #2330829

Paul Mauceli is a currently licensed financial advisor with Reef Securities, Inc. According to Paul Mauceli’s CRD, Paul Mauceli was suspended from the securities industry in May 2018 and fined $5,000.

According to FINRA:

Paul Mauceli consented to the sanctions and to the entry of findings that acting through Mauceli, his member firm failed to timely notify investors of a right of rescission following the issuance of an updated general partners audited balance sheet and approval of a revised prospectus. The findings stated that the firm served as the broker dealer selling an oil and gas drilling and income fund limited partnership for an issuer. Acting through Paul Mauceli and the issuer, the firm decided not to send the revised prospectus and a notice offering each investor an opportunity to confirm or rescind his or her investment decision, despite the requirements of the prospectus, due to low prices in the oil and gas market. Later, FINRA discovered that the firm had not provided the revised prospectus and notice to the vast majority of the investors in the income fund. After FINRA raised the issue, the firm eventually sent the revised prospectus and notice to the remaining investors, whereupon several investors rescinded their investment.

According to Paul Mauceli’s CRD, a customer dispute was filed alleging sales practice violations against Paul Mauceli including an alleged unsuitable investment. According to Paul Mauceli’s CRD, this customer dispute is pending and seeks $50,000.

If you lost money on investments with Paul Mauceli 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 Paul Mauceli’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 Paul Mauceli 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. 

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

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