Public records published by the Financial Industry Regulatory Authority (FINRA) on May 26, 2017 indicate that former Ameritas Investment Corporation broker/adviser Andrew Logullo has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Logullo (CRD# 2383674).
Andrew Logullo has spent six years in the securities industry and was most recently registered with Ameritas Investment Corporation in Los Angeles, California (2015). Previous registrations include Integrated Trading and Investments in Huntington Beach, California; Capital Path Securities in Middle Island, New York; Salomon Grey Financial in Dallas, Texas; Nexcore Capital in San Diego, California; Merrill Lynch in New York, New York; and Southern California Securities in Los Angeles, California. He is currently not registered with any state or firm.
According to his BrokerCheck report, Andrew Logullo has been sanctioned by FINRA and resigned from his former employer.
In May 2017 FINRA sanctioned him following allegations he “had three investors open accounts at another FINRA member firm, did not disclose to his member firm, by providing written notice, that he had discretionary trading authority over the investors’ accounts at the other firm and did not request or receive the firm’s approval to exercise discretionary trading authority over those accounts.” FINRA’s findings state specifically: “Logullo requested that a registered representative employed with the other firm open brokerage accounts for the investors located outside the United States at the representative’s firm. Logullo asserted that these investors were his clients and that he was an independent non-registered person, rather than disclosing that he was registered with FINRA through an association with his firm. An account was opened for each of the investors at the other firm. Each of the investors signed new account forms that provided Logullo with discretionary trading authority over the accounts. In addition, Logullo and each investor signed a trading authorization agreement providing Logullo with discretionary trading authority over the accounts. The other FINRA firm closed the investors’ accounts after the investors attempted to deposit shares of penny stocks and it became concerned that the investors may have been acting at the direction of the penny stock issuer.” He was issued a fine of $10,000 and a six-month suspension.
If you or someone you know has a complaint regarding Andrew Logullo, also known as Tyre Fred Newsome, call 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.