Donald Megliola Received a Complaint for Failing to Supervise

Donald Megliola

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on July 28, 2017 indicate that Virginia-based Cambridge Investment Research broker/adviser Donald Megliola has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Megliola (CRD# 3011458).

Donald Megliola has spent 19 years in the securities industry and has been registered with Cambridge Investment Research in Reston, Virginia since 2014. Previous registrations include Fulcrum Securities in Reston, Virginia; ING Financial Partners in Reston, Virginia; and Prudential Securities in New York, New York. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 24 (General Securities Principal Examination). He is a registered broker and investment adviser with 37 US states and territories.

According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.

In April 2017 a customer alleged Donald Megliola, in his capacity as branch manager at Fulcrum Securities, failed to supervise the representative of record on the customer’s account. The customer is seeking $189,000 in damages in the pending complaint.

In 2013 a customer alleged Donald Megliola, as President, CEO and control person of Fulcrum Securities, breached his fiduciary duty, acted negligently, breached contract, and violated the Florida Securities Act in connection to the liquidation of a position that transferred into the firm. The complaint settled for $35,000.

If you or someone you know has lost money investing with Donald Megliola, 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.