Published on:

Christopher Ariola: One Pending FINRA complaint

Christopher AriolaPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 14, 2016 indicate that former California-based Financial Telesis broker Christopher Ariola is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ariola (CRD# 2957096).

Christopher Ariola has spent sixteen years in the securities industry and was most recently registered with Financial Telesis in Aliso Viejo, California (2012-2014). Previous registrations include Bay Mutual Financial in Santa Monica, California; Wachovia Securities in St. Louis, Missouri; Prudential Securities in New York, New York; Equity Trust Advisors in Irvine, California; and Dean Witter Reynolds in Purchase, New York. He is currently not registered with any state or firm.

According to his BrokerCheck report, Christopher Ariola has received four customer complaints and one pending FINRA complaint.

In August 2016 Christopher Ariola was named respondent in a FINRA complaint “alleging that he unsuitably recommended that elderly retirees invest a substantial portion of their limited retirement assets in certain gold and energy stocks.” According to FINRA’s complaint, Mr. Ariola also allegedly “obtained access to [a] former customer’s retirement account and engaged in securities trading in that account on the customer’s behalf without providing the required written notice of such outside brokerage account to his member firm or of his registered status with his firm to the firm that held the retirement account.” The complaint remains pending.

In 2014 a customer alleged Christopher Ariola, while employed at Financial Telesis, transacted business in the account without his/her knowledge or consent. The customer is seeking $45,982 in damages in the pending complaint.

In 2013 a customer alleged he, while employed at Bay Mutual Financial, engaged in churning and made unsuitable recommendations. The customer is seeking $109,000 in damages in the pending complaint.

In 2012 a customer alleged he, while employed at Bay Mutual Financial, acted negligently, misrepresented material facts, and breached his fiduciary duty. The customer is seeking $490,000 in damages in the pending complaint.

In 2012 Christopher Ariola was “permitted to resign” from his position at Bay Mutual Financial following allegations he made investment recommendations that were inconsistent with firm policies and made a loan to a customer without reviewing with compliance personnel.

If you or someone you know has a complaint regarding Christopher Ariola, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.