Soreide Law Group obtained this information on the following broker from FINRA’s website under, “Disciplinary and Other FINRA Actions,” October 2021:

ALFONSE JOSEPH STAZZONE (ALFONSE JOSEPH STAZZONE JR., CRD #4908107, Staten Island, New York)

On August 16, 2021, an Acceptance, Waiver and Consent (AWC) was issued in which ALFONSE J STAZZONE was fined $5,000 and suspended for four months from association with any FINRA member in all capacities. The suspension is in effect from September 7, 2021, through January 6, 2022.

Without admitting or denying FINRA’s findings, ALFONSE JOSEPH STAZZONE consented to the sanctions and to the entry of findings that he allegedly engaged in excessive and unsuitable trading in an elderly customer’s account.

FINRA’s findings stated that STAZZONE and another registered representative with whom he worked, recommended all of the trades in the client’s account and the client followed their recommendations. FINRA alleges, STAZZONE exercised de facto control over the client’s account.

According to the FINRA report, ALFONSE J STAZZONE allegedly recommended frequent trading that resulted in an annualized cost-to-equity ratio of 221.56, meaning that the customer’s account would have to grow more than 221 percent annually to break even. FINRA stated that this resulted with the client paying over $173,000 in commissions.

The client initiated an arbitration against, ALFONSE JOSEPH STAZZONE and others, and his member firm. The firm subsequently settled with the client.
(FINRA Case #2018060806601)

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, ALFONSE JOSEPH STAZZONE, has been in the securities industry for 16 years and was listed with 9 firms.  He has 9 disclosures on his FINRA CRD report.

STAZZONE was listed recently with the following firms:

04/15/2021 – 07/30/2021  MONMOUTH CAPITAL MANAGEMENT LLC – HOLMDEL, NJ

11/07/2019 – 03/24/2021  GARDEN STATE SECURITIES, INC. – RED BANK, NJ

05/15/2013 – 12/02/2019  WOODSTOCK FINANCIAL GROUP, INC. – STATEN ISLAND, NY 

If you, or an elderly loved one, suffered investment losses due to the actions or recommendations of broker, ALFONSE JOSEPH STAZZONE, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at:  888-760-6552.

Soreide Law Group works on a contingency fee basis and represents our clients nationwide before FINRA.

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