Investors File Disputes About Frank Avallone

Soreide Law Group is investigating possible investor claims against securities broker Frank Avallone AKA Frank Louis Avallone [CRD#: 4814368, South Norwalk, CT]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Newbridge Securities Corp. Evidently, investors allege sales practice violations in these disputes, including that Avallone made unsuitable transactions, breached a fiduciary duty, failed to supervise, breached a contract, acted unethically, and violated FINRA rules. Here is a brief summary of the disclosures about Avallone.

Newbridge Securities Corp. Investors Accuse Frank Avallone Breach Of Contract

Evidently, on June 30, 2022, a Newbridge Securities Corp. client filed FINRA Arbitration #: 22-01480 about Frank Avallone. Namely, the client alleged that Avallone made unsuitable transactions, breached a fiduciary duty, failed to supervise, breached a contract, acted unethically, and violated FINRA rules. Because of this, the client sustained damages on alternative investments. Therefore, the client requested compensation from Newbridge Securities Corp. or Avallone. Evidently, this arbitration is pending a resolution.

Avallone Discloses Unsuitable Trading Allegations By National Securities Corp. Client

Also, a client of National Securities Corp. contested Frank Avallone’s sales practices, according to a complaint dated July 2, 2020. Allegedly, Avallone made unsuitable transactions. Supposedly, the private placements which Avallone sold or recommended had caused the client to sustain damages. Therefore, the client seeks compensatory relief from National Securities Corp. or Avallone in the amount of $209,200 in this ongoing matter.

First Midwest Securities, Eastbrook Capital Group, and Maxim Group Investors Accuse Frank Avallone Breach Of Fiduciary Duty

Evidently, a First Midwest Securities, Eastbrook Capital Group, and Maxim Group client filed FINRA Arbitration #: 13-03710 about Frank Avallone. Namely, the client alleged that Avallone made unsuitable transactions, breached a fiduciary duty, churned the client’s account, violated FINRA rules, was negligent, failed to supervise, and breached a contract. Because of this, the client sustained damages on equities and mutual funds. Therefore, on March 29, 2014, First Midwest Securities, Eastbrook Capital Group, and Maxim Group settled this matter by paying the client $2,000.

Avallone Discloses Sales Practice Violations Allegations By Global Arena Capital Corp. Client

Also, a client of Global Arena Capital Corp. contested Frank Avallone’s sales practices, according to a complaint. Allegedly, Avallone committed sales practice violations. Supposedly, the over-the-counter equities and stocks which Avallone sold or recommended had caused the client to sustain damages. Therefore, Global Arena Capital Corp. opted to settle the matter on December 28, 2012 by compensating the client in the amount of $2,500.

Recent Employer Information

Frank Avallone worked for National Securities Corporation in South Norwalk, CT, as a securities broker from October 30, 2015 to February 4, 2022. Avallone has been employed by Ceros Financial Services in South Norwalk, CT, as a securities broker since January 11, 2022.

Damages Resulting From Newbridge Securities Corp. Securities Broker Frank Avallone?

Have you sustained damages because of investing through Frank Avallone? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered money for investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Avallone and brokerage firms Avallone was employed by deny any and all allegations of sales practice violations.