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Frank Zito: Investor Seeks $571,000 in Selling Away Complaint

Frank ZitoPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on July 23, 2018 indicate that Mississippi-based Merrill Lynch broker/adviser Frank Zito has received a pending customer dispute and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Zito (CRD# 2766336).

Frank Zito has spent 21 years in the securities industry and was most recently registered with Merrill Lynch in Ridgeland, Mississippi (2010-2018). Previous registrations include Morgan Keegan & Company in Jackson, Mississippi (2007-2010); Amsouth Investment Services in Jackson, Mississippi (2000-2007); Invest Financial Corporation in Appleton, Wisconsin (1998-2000); Deposit Guaranty Investments (1998); and Prudential Securities in New York, New York (1996-1998). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 13, 1996; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 28, 1996; and Series 7 (General Securities Representative Examination), which he obtained on August 13, 1996. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one pending customer complaint and one customer complaint that was closed with no action taken.

In May 2018 a customer alleged Frank Zito, while employed at Merrill Lynch, sold investments away from the firm and made unsuitable investment recommendations from 2013 until 2018. The customer is seeking $571,000 in damages in the pending complaint.

In 2008 a customer alleged Frank Zito, while employed at Morgan Keegan & Company, misrepresented material facts related to a mutual fund investment. The customer sought $140,000 in damages in the complaint, which was closed with no action taken.

If you have lost money investing with Frank Zito, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.