Last Updated: December 2023 (Gainesville, Florida)
Elio Chiarelli Investigation Summary
Here’s what you need to know about Gainesville, FL, stockbroker Elio Chiarelli:
- Name: Mr. Elio Chiarelli, Jr.
- Current Employer: Not currently registered with FINRA, Bison Wealth LLC (RIA)
- DBA: Capital Defender Advisors, Liquid Strategies
- Previous Firms: IFP Securities, LPL Financial
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Elio Chiarelli
- Primary Location: Gainesville, FL
- CRD 5824081
- Can Elio Chiarelli be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $200,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Elio Chiarelli As Your Stockbroker?
A customer of IFP Securities filed a FINRA arbitration in 12/2022 alleging that Elio Chiarelli failed to conduct adequate due diligence and failed to adequately disclose the risk when recommending an investment in GWG, a company that has filed for Chapter 11 bankruptcy. Damages of $200,000 are sought in this currently pending matter.
Allegations of Broker Misconduct Against Elio Chiarelli
Customers of Elio Chiarelli have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to purchase GWG Bonds
- Failure to conduct adequate due diligence on GWG Bonds
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
How to recover losses on GWG Bonds-UPDATE
If you have suffered investment losses in an account handled by Elio Chiarelli, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
