Public records published by the Financial Industry Regulatory Authority (FINRA) on December 2, 2016 indicate that Massachusetts-based H. Beck broker/adviser James Fratello has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Fratello (CRD# 600660).
James Fratello has spent 42 years in the securities industry and has been registered with H. Beck in Norwell, Massachusetts since 1989. Previous registrations include Commonwealth Equity Services; Glicoa Associates; Putnam Fund Distributors; CG Equity Sales Company; John Hancock Distributors; and John Hancock Mutual Life Insurance Company. He is a registered broker and investment adviser with fourteen US states and territories: California, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, New York, Oregon, Rhode Island, Tennessee, Vermont, and Virginia.
According to his BrokerCheck report, James Fratello has received one customer complaint and two judgments or liens.
In 2015 the Internal Revenue Service filed a tax lien totaling $11,349 against James Fratello. The lien remains outstanding.
In 2012 a customer alleged James Fratello, while employed at H. Beck, acted negligently, breached his fiduciary duty, and made unsuitable investment recommendations. The complaint settled in 2013 for $160,000.
In 1994 the Massachusetts Department of Revenue and Internal Revenue filed a tax lien totaling $170,386 against James Fratello. The lien remains outstanding.
If you or someone you know has lost money investing with James Fratello, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid 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.