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Frank DePaola Has Been The Subject of a State Regulation Sanction

Frank DePaolaPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on December 14, 2017 indicate that New Jersey-based Securities America and Lincoln Financial Securities Corporation broker/adviser Frank DePaola has been involved in a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. DePaola (CRD# 1253587).

Frank DePaola has spent 31 years in the securities industry and has been registered with Securities America in Iselin, New Jersey since December 2017, and with Lincoln Financial Securities Corporation in Pompton Plains, New Jersey since May 2017. Previous registrations include Hornor, Townsend & Kent in Edison, New Jersey (2002-2017); 1717 Capital Management in Newark, Delaware (1989-2002); Mony Securities Corporation (1986-1989); Calvert Securities Corporation (1985-1986); and Integrated Resources Equity Corporation (1985). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 26, 1994; Series 7 (General Securities Representative Examination), which he obtained on January 19, 1985; and Series 24 (General Securities Principal Examination), which he obtained on December 1, 1993. He is registered as a broker and an investment adviser in New Jersey.

According to his BrokerCheck report, he has received one customer complaint and one state regulatory sanction.

In 2009 a customer alleged Frank DePaola, while employed at Hornor Townsend & Kent, recommended a variable annuity surrender that resulted in tex consequences. The complaint settled for more than $30,800.

In 1981 the New Jersey Department of Insurance sanctioned him following allegations he was responsible for withholding monies that belonged to a policyholder and affixed his signature to applications “as having witnessed the completion and signing” when he in fact had not. He was issued a six-month suspension and a fine of $2,500.

If you or someone you know has lost money investing with Frank DePaola, call 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.