Patrick Mackaronis (Wells Fargo) Not a Licensed Broker

Patrick MackaronisPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 23, 2016 indicate that former New Jersey-based Wells Fargo broker Patrick Mackaronis is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Mackaronis (CRD# 5435817).

Patrick Mackaronis has spent four years in the securities industry and was most recently registered with Wells Fargo Advisors in Wayne, New Jersey (2008-2012). He is currently not registered with any state or firm.

According to his BrokerCheck report, Patrick Mackaronis has received two regulatory sanctions and is the subject of a pending civil complaint.

In May 2016, the New Jersey Bureau of Securities sanctioned Patrick Mackaronis following allegations he sold unregistered securities, acted as an agent without registration, and made untrue statements of material fact. He was issued a fine of $140,000.

In May 2016, the US Securities and Exchange Commission named Patrick Mackaronis respondent in a complaint alleging that he received commissions for bringing prospective investors to two men who allegedly pocketed investor money.

In 2013, FINRA sanctioned Patrick Mackaronis following allegations he facilitated private securities transactions totaling $183,430 without the knowledge or permission of his member firm, Wells Fargo Advisors. He was issued a 6-month suspension and a fine of $15,000.

In 2012, Patrick Mackaronis was discharged from his position at Wells Fargo Advisors following allegations he solicited individuals to participate in securities transactions not associated with the firm.

If you or someone you know has lost money investing with Patrick Mackaronis, call the securities and investment fraud law firm 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.

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