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Florida Broker, Gerald Fasanella, REIT Complaints

shutterstock_211701538The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from Florida-based Cetera broker/adviser Gerald Fasanella (CRD# 849312).

Gerald Fasanella has spent 34 years in the securities industry and has been registered with Cetera Advisors in Melbourne, Florida since 2014. Previous registrations include Next Financial Group in Melbourne (2009-2014); LPL Financial Corporation in Melbourne (2009); Mutual Service Corporation in Melbourne (2006-2009); AIG Financial Advisors in Melbourne (2005-2006); SunAmerica Securities in Phoenix, Arizona (1996-2005); Anchor Management Group in Melbourne, Florida (1993-1996); Merrill Lynch in New York, New York (1978-1990).

According to his BrokerCheck report, Gerald Fasanella is the subject of four customer complaints and two customer complaints that were closed or denied.

In 2011 a customer alleged Gerald Fasanella, while employed at AIG Financial Advisors, breached contract, breached his fiduciary duty, misrepresented and omitted material facts, and recommended an unsuitable investment. The complaint settled in 2013 for $60,000.

In 2010 a customer alleged Gerald Fasanella, while employed at SunAmerica Securities, recommended unsuitable investments in a variable annuity and a real estate investment trust (REIT). The customer sought $61,868 in damages in the complaint, which was denied.

In 2008 a customer alleged Gerald Fasanella, while employed at the Mutual Service Corporation, misrepresented material facts related to an investment in mutual funds. The customer sought more than $5,000 in damages in the complaint, which was closed with no action taken.

In 1990 a customer alleged Gerald Fasanella, while employed at Merrill Lynch, executed unsuitable options trades. The complaint settled for $68,000.

In 1990 a customer alleged Gerald Fasanella, while employed at Merrill Lynch, failed to adequately disclose the risks associated with an investment. The complaint settled for $33,000.

In 1989 a customer alleged Gerald Fasanella, while employed at Merrill Lynch, executed unauthorized trades, failed to follow instructions, failed to supervise, misrepresented and omitted material facts, maliciously breached his fiduciary duties, acted negligently, breached contract, and committed fraud. In 1990 the complaint resulted in an award to the customer of $23,600.

If you have lost money investing with Gerald Fasanella, you may be able to recoup lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta accepts all cases on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.