Last Updated: December 2023 (Boca Raton, FL)
Guy Colella Investigation Summary
Here’s what you need to know about Boca Raton, Florida, stockbroker Guy Colella:
- Name: Mr. Guy Anthony Collela
- Current Employer: Ameriprise Financial Services
- DBA: Adelson Group
- Previous Firms: Raymond James & Associates, Prudential Securities
- Function: Stockbroker / Financial Advisor
- Aliases: Guy Colella
- Primary Location: Boca Raton, FL
- CRD 1646164
- Can Guy Colella be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $14,000
- Pending Customer Dispute Seeks Damages of $420,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Guy Colella As Your Stockbroker?
A customer of Ameriprise Financial Services filed a FINRA arbitration in 4/2023 alleging that Guy Colella made unsuitable recommendations to surrender annuities and invest in unsuitable stocks and mutual funds. The customers also allege excessive trading and inappropriately coding their accounts with a risk tolerance and investment objectives inappropriate for their age. A claim for failure to supervise is also alleged. Damages sought are $420,000 in this pending matter.
In 2002 a customer was paid $14,000 to resolve allegations that Guy Colella made trades in their account without authorization.
Early in his career, while employed by Prudential Securities a customer claimed that Guy Colella recommended the sale of mutual funds and investment of the proceeds in closed end funds of a similar nature solely to generate commissions of $125,000. The firm denied the claim and apparently the customer did not further pursue the matter with an attorney.
Allegations of Broker Misconduct Against Guy Colella
Customers of Guy Colella have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Excessive Trading
- Unauthorized Trading
- Failure to Supervise
- Misrepresentation of client’s risk tolerance and investment objectives
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
If you have suffered investment losses in an account handled by Guy Colella, 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.
