Broker Complaints: Cantella & Co. (CRD# 13905)

Fitapelli Kurta is interested in speaking to investors who have complaints regarding broker-dealer firm, Cantella & Co.

Cantella & Co. is a broker-dealer firm registered with both the SEC and FINRA. Cantella & Co. was formed in Massachusetts in 1979. Cantella & Co.’s main office is located in Boston, Massachusetts and it is approved for offices in 53 U.S. states and territories. Cantella & Co. was approved by the SEC in 1979 and by FINRA in 1983, and the NASDAQ stock market in 1006.

Cantella & Co. has 16 regulatory events on its BrokerCheck Report, 1 civil event, 8 arbitrations and 5 bonds.

In September 2014, Cantella & Co. was fined $50,000 for charging excessive commissions to customers. Specifically, FINRA found that Cantella & Co. charged customers excessive commissions on equity and options transactions as well as certain purchases and sales of primarily low-priced securities. These transactions resulted in around 120,000 in excessive charges by Cantella & Co. Cantella & Co. was ordered to pay $81,973, plus interest in restitution to customers.

In June 2007, Cantella & Co. was fined $15,000 for failing to note accurate execution times on ordered tickets. Additionally, the time order receipt from customers was not on the trade ticket.

In February 2007, Cantella & Co. was fined $65,000 for failing report customer complaints, filing customer complaints late, and failing to properly code customer complaints, as well as failing to disclose the amount in dispute in one customer complaint.

In September 2006, Cantella & Co. was fined $50,000 by the SEC on allegations that a broker at Cantella & Co. bought and sold bonds for at least nine Cantella & Co. customers at prices that were not related to the last prevailing market rate.

In July 6, 2005, Cantella & Co. was fined $100,000 for failing to reasonably supervise the activities of its employees and agents in Pennsylvania. Specifically, Cantella & Co. brokers in Pennsylvania had engaged in the sale of unlicensed securities.

In February 2005, Cantella & Co. was fined $50,000 for failing to supervise two brokers who were running a hedge fund as an outside business.

In January 2004, Cantella & Co. was fined $50,000 by the Massachusetts Secretary of State, Division of Securities on allegations that Cantella & Co. failed to supervise its brokers and had engaged in unethical and dishonest conduct, specifically relating to records of an outside business activity of a broker.

If you or someone you know has victim to any corrupt broker practices at Cantella & Co. or any of its brokers, you may be entitled to full recovery of your losses.

Our firm prosecutes cases on behalf of investors, like yourself, who have been victimized by broker-dealers like Cantella & Co. Time to file a claim with FINRA is limited, so do not delay. Call 877 – 238 – 4175 now for your free consultation.

As a note to investors, Cantella & Co. also goes by the following names: CANTELLA & CO., INC., CANTELLA INSURANCE AGENCY, INC., CANTELLA SPECIALIST CORP (CEASED BUSINESS 1/31/