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Gaetano Magarelli (Newbridge Securities Broker): Complaints

Gaetano MagarelliAccording to public records provided by the Financial Industry Regulatory Authority (FINRA) on February 16, 2016, Florida-based Newbridge Securities Corporation broker/adviser Gaetano Magarelli is the subject of several settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Magarelli (CRD# 2227996).

Gaetano Magarelli has spent 22 years in the securities industry and has been registered with Newbridge Securities Corporation in Boca Raton, Florida since 2010. Previous registrations include Ameriprise Financial Services in Boca Raton, Florida (2002-2009); IDS Life Insurance Company in Minneapolis, Minnesota (2002-2006); Global Capital Securities Corporation in Englewood, Colorado (1999-2001); JW Genesis Securities in Boca Raton, Florida (1995-1999); Joseph Charles & Associates in Boca Raton, Florida (1992-1995); and JW Gant & Associates (1992). He is a registered broker and investment adviser in nine US states and territories: California, Florida, Georgia, Michigan, New Mexico, North Carolina, Oklahoma, Vermont, and Virginia.

According to his BrokerCheck report, Gaetano Magarelli is the subject of two customer complaints, one pending customer complaint, and one civil judgment or lien.

In January 2015 a customer alleged Gaetano” Magarelli, while employed at Newbridge Securities Corporation, made unsuitable investments and executed transactions without consulting her. The customer is seeking $100,000 in damages in the pending complaint.

In 2008 a customer alleged Gaetano Magarelli, while employed at Ameriprise Financial Services, made an unauthorized transaction. The complaint settled for more than $3,800.

In 2001 a customer alleged Gaetano Magarelli, while employed at Ameriprise Financial Services, made two erroneous purchases of PDE and ESAF. The complaint settled for $34,500.

In 1990 United Stationers filed a civil judgment or lien totaling $14,014 against Gaetano Magarelli. The judgment or lien remains outstanding.

If you or someone you know has complaints regarding Gaetano Magarelli, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.