Paul William Petrillo (Paul Petrillo) – Financial Advisor/Broker Paul Petrillo Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Paul Petrillo was a formerly licensed financial advisor with Thrivent Investment Management, Inc. According to Paul Petrillo’s BrokerCheck report, Paul Petrillo was barred from the securities industry in January 2020.
According to FINRA: Paul Petrillo consented to the sanction and to the entry of findings that he placed discretionary orders to purchase or sell securities in customers’ outside securities accounts without notifying his member firm of his authority to do so or the executing firm of his association with his firm. The findings stated that Paul Petrillo also opened a family trust securities account over which he had trading authority away from his firm but did not notify it of the account’s existence. The findings also stated that Paul Petrillo participated in undisclosed private securities transactions. Paul Petrillo participated in the undisclosed private securities transactions when he placed orders to purchase or sell securities in customers’ outside securities accounts without notifying his firm. The findings also included that Petrillo provided a false response to a request for information made by FINRA. During the course of its investigation, FINRA asked Paul Petrillo to identify any customers’ accounts in which he traded away from his firm, aside from one customer about whom FINRA already knew and in whose account he had previously admitted to trading. Paul Petrillo deliberately failed to inform FINRA about customers’ accounts in which he effected trades away from Paul Petrillo’s firm.
According to Paul Petrillo’s BrokerCheck Report
Paul Petrillo was discharged from OneAmerica Securities in March 29. According to Paul Petrillo’s BrokerCheck Report, Paul Petrillo is accused of multiple violations of the Securities Act of Arizona and the Arizona Investment Management Act. Representative is accused of offering or selling securities within or from Arizona while not registered as a salesman and engaging in fraudulent activity by using a client’s funds for personal use rather than investing and providing material misrepresentations through false documents in regard to the client’s account.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Paul Petrillo 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 Petrillo’ 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 Petrillo 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 1/22/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
Paul Petrillo, Paul William Petrillo, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Paul Petrillo, Paul William Petrillo