Connecticut-based National Securities broker Frank Avallone is the subject of several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Avallone (CRD# 4814368).
Frank Avallone has spent eleven years in the securities industry and has been registered with National Securities Corporation in South Norwalk, Connecticut since October 2015. Previous registrations include Newbridge Securities Corporation in New York, New York (2012-2015); Global Arena Capital Corporation in New York, New York (2012); First Midwest Securities in New York, New York (2011-2012); Maxim Group in New York, New York (2008-2011); and Eastbrook Capital Group in New York, New York (2004-2008). He is a registered broker with 37 US states and territories.
According to his BrokerCheck report, Frank Avallone is the subject of two customer complaints.
In 2013 a customer alleged Frank Avallone, while employed at Eastbrook Capital, Maxim Group, First Midwest Securities, and Global Arena Capital, recommended unsuitable investments, breached his fiduciary duty, churned the account, violated FINRA rules, failed to supervise, and breached contract. The complaint settled in 2014 for $6,100.
In 2012 a customer alleged Frank Avallone, while employed at Global Arena Capital, said there would be no commissions charged on equity purchases. The complaint settled for $2,500.
If you or someone you know has complaints regarding Frank Avallone, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.
All information and facts in this article are based on publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on March 8, 2016.