Broker Joseph Daigneault: Suspended by FINRA

shutterstock_216917509According to records provided by the Financial Industry Regulatory Authority (FINRA), Maine-based Investors Capital broker/adviser Joseph Daigneault has signed a letter of Acceptance, Waiver, and Consent (# 2013038133001) consenting to a temporary suspension from the securities industry. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from advisors who have complaints regarding Mr. Daigneault (CRD# 1065249).

Joseph Daigneault has spent 33 years in the securities industry and has been registered with Investors Capital Corporation in Biddeford, Maine since 1996. Previous registrations include New Life Brokerage Services in Waterville, Maine (1990-1995); Commonwealth Equity Services in Waltham, Massachusetts (1989-1990); WS Griffith & Company (1985-1988); TransAmerica Financial Services (1985-1986); MetLife Securities (1982-1985); and Metropolitan Life Insurance Company (1982-1985). He is a registered broker and investment adviser in Arizona, Connecticut, Florida, Maine, Massachusetts, New Mexico, and North Carolina.

According to his BrokerCheck report and FINRA records, Joseph Daigneault is the subject of one customer complaint and has consented to one regulatory sanction.

In March 2015 a customer alleged Joseph Daigneault, while employed at Investors Capital, recommended unsuitable alternative investments. The customer is seeking $1,000,000 in damages in the pending complaint.

In 2015 FINRA alleged Joseph Daigneault gave, to at least eight clients, consolidated statements “that included misleading and inaccurate information regarding his customers’ financial holdings.” Mr. Daigneault allegedly used a spreadsheet program to generate statements that “provided the value of the customer’s initial holdings, regardless of the current value of the investment.” Mr. Daigneault has signed a letter of Acceptance, Waiver, and Consent agreeing to a $5,000 fine and a 20-day suspension from associating with any FINRA member firm.

If you have complaints regarding Joseph Daigneault, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.


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