TODD CIRELLA Has An Investor Complaint – Goodman & Nekvasil, P.A. May Recover Investor Losses
LAIDLAW & COMPANY (UK) LTD. broker, TODD CIRELLA Has An Investor Complaint.
TODD ANTHONY CIRELLA
CRD#: 2396336
TODD ANTHONY CIRELLA (CRD#: 5774832), a broker for LAIDLAW & COMPANY (UK) LTD. in New York, NY, has an investor complaint. According to Cirella’s FINRA BrokerCheck report, After receiving and signing the necessary offering documents, the customer alleges now that the investments were illiquid and unsuitable. The customer has filed this claim solely against the firm.
FINRA SANCTIONS
In 2023 FINRA suspended Cirella for three months. Without admitting or denying the findings, Cirella consented to the sanctions and to the entry of findings that he willfully violated the Best Interest Obligation under Rule 15l-1 of the Securities Exchange Act of 1934 (Regulation BI) by recommending a series of trading in a senior customer’s account that was excessive, unsuitable, and not in the customer’s best interest.
The findings stated that the customer relied on Cirella’s advice and routinely followed his recommendations and, as a result, Cirella exercised de facto control over the customer’s account. Cirella’s trading in the customer’s account generated $27,566 in commissions and resulted in approximately $12,000 in trading losses, an annualized cost-to-equity ratio of 37.65 percent, and an annualized turnover rate of 20.39. The high cost-to-equity ratio meant the customer’s account would have to grow by more than 37 percent annually just to break even, making it very difficult for the customer to realize a profit.
This level of trading was excessive, unsuitable, and not in the customer’s best interest, according to FINRA.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
LAIDLAW & COMPANY (UK) LTD. broker, TODD CIRELLA Has An Investor Complaint.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 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.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 2/4/26. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.