Last Updated: September 2023 (South Norwalk, CT )
Frank L. Avallone Investigation Summary
Here’s what you need to know about South Norwalk, CT, stockbroker Frank Avallone:
- Name: Mr. Frank Louis Avallone
- Current Employer: Ceros Financial Services
- Previous Firms: National Securities Corp. , Newbridge Securities Corp., Global Arena Capital Corp.
- Function: Stock Broker/ Financial Advisor
- Aliases: Frank Avallone
- Primary Location: South Norwalk, CT
- CRD 4814368
- Can Frank Avallone be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Has two pending customer disputes which seek damages of $2.7 million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Frank Avallone As Your Stockbroker?
In 11/2022 a customer of National Securities Corp filed a FINRA arbitration alleging that Frank Avallone made unsuitable investment recommendations with regard to investments in private placements. The customer seeks $2,707,818 in this pending matter.
In 6/2022 a customer of Newbridge Securities Corp filed a FINRA arbitration alleging that Frank Avallone made unsuitable recommendations to invest in alternative investments. The customer did not specify the amount of damages they are seeking in this pending matter.
Allegations of Broker Misconduct Against Frank Avallone
Customers of Frank Avallone have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Breach of Contract
- Fraud
- Breach of duty of loyalty
- Violation of FINRA Rule 2210-which states in part: “(B) No member may make any false, exaggerated, unwarranted, promissory or misleading statement or claim in any communication. No member may publish, circulate or distribute any communication that the member knows or has reason to know contains any untrue statement of a material fact or is otherwise false or misleading.”
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
If you have suffered investment losses in an account handled by Frank Avallone, contact us for a complimentary consultation with an experience 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.