Joseph Ambrosole Has Been Sanctioned by FINRA Twice

Joseph AmbrosolePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 26, 2017 indicate that former New York-based Meyers Associates broker Joseph Ambrosole has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested ins peaking to investors who have complaints regarding Mr. Ambrosole (CRD# 5732488).

Joseph Ambrosole has spent four years in the securities industry and was most recently registered with Meyers Associates in New York, New York (2015-2016). Previous registrations include Global Arena Capital in New York, New York; Laidlaw & Company in Stamford, Connecticut; and Obsidian Financial Group in New York, New York. He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination) and Series 7 (General Securities Representative Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received two FINRA sanctions.

In February 2017 FINRA sanctioned him following allegations he effected five unauthorized trades. FINRA’s findings stated further: “Ambrosole sold four securities owned by the customer and used the proceeds from those sales to purchase a UIT on behalf of the customer, all without the customer’s authorization. Ambrosole’s unauthorized trading resulted in $645.97 in losses in the customer’s account.” He was issued a fine of $5,000, ordered to pay restitution of $645.97, and suspended for one month.

In 2016 FINRA sanctioned him following allegations he failed to respond to FINRA request for information. He was suspended for two months.

If you have lost money investing with Joseph Ambrosole, 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.