Public records provided by the Financial Industry Regulatory Authority (FINRA) on April 25, 2017 indicate that former Massachusetts-based LPL Financial broker/adviser Roger Zullo has been sanctioned by the State of Massachusetts and named in several pending regulatory complaints. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Zullo (CRD# 1882087).
Roger Zullo has spent 28 years in the securities industry and was most recently registered with LPL Financial in Boston, Massachusetts (2004-2016). Previous registrations include Park Avenue Securities in New York, New York and Guardian Investor Services in New York, New York. He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), Series 6 (Investment Company Products/Variable Contracts Representative Examination), and Series 26 (Investment Company Products/Variable Contracts Principal Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one regulatory sanction and four pending customer complaints.
In April 2017 the State of Massachusetts sanctioned him following allegations he “fabricated the suitability profiles of numerous LPL clients, selling them scores of large, illiquid, unsuitable, high-commission variable annuities, at substantial upfront profits to himself and LPL.” He was barred, censured, issued a fine of $40,000, and ordered to pay disgorgement totaling $1,875,348.
In February 2017 a customer alleged Roger Zullo, while employed at LPL Financial, misrepresented and recommended unsuitable annuity investment. The customer is seeking $50,000 in damages in the pending complaint.
In January 2017 a customer alleged Roger Zullo, while employed at LPL Financial, misrepresented commissions and fees, billed additional hours for planning services, and recommended an unsuitable annuity exchange. The customer is seeking unspecified damages in the pending complaint.
In January 2017 a customer alleged Roger Zullo, while employed at LPL Financial, recommended an unsuitable variable annuity and charged excessive fees. The customer is seeking unspecified damages in the pending complaint.
In January 2017 a customer alleged he, while employed at LPL Financial, misrepresented a variable annuity product and failed to disclose a rider that caused additional losses of income. The customer is seeking $95,165 in damages in the pending complaint.
In December 2016 he was terminated from LPL Financial following allegations connected to the complaint against him by the State of Massachusetts.
If you have lost money investing with Roger Zullo, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means 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.