FINRA sanctioned securities broker James Ryan Parascandola [CRD: 2866028, East Brunswick, New Jersey] and investors complained about him, according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Parascandola worked for Pruco Securities LLC from May 16, 2022, to May 21, 2024, and for Equitable Advisors LLC from December 9, 2020, to May 18, 2022. Keep reading to learn more about the disclosures related to James Parascandola.
Notably, FINRA issued Case: 2024082242101 on May 12, 2025, sanctioning James Parascandola. Allegedly, Parascandola failed to respond to FINRA requests for information. As a result, Parascandola was suspended from associating with any FINRA member firm in all capacities beginning May 12, 2025. FINRA stated that if he fails to address the suspension within three months of the notice date, he will automatically be barred from association with any FINRA member firm as of July 21, 2025, under FINRA Rule 9552(h).
Specifically, on October 30, 2024, a Pruco Securities LLC client filed a complaint about James Parascandola. The client alleged that Parascandola failed to disclose charges, expenses, and fees. Because of this, the client allegedly incurred damages through investing in advantage/command products. Therefore, the client requested $6,350.00 in compensation from Pruco Securities LLC or Parascandola. However, the firm denied this complaint.
Evidently, on May 7, 2024, Pruco Securities LLC disaffiliated with Parascandola. Evidently, Pruco Securities LLC alleged that Parascandola charged and received an unapproved fee, traded with discretion in clients' brokerage accounts, was named as an executor to a client’s will without requesting and receiving prior approval from the company, and also attempted to get a power of attorney without notifying the company or getting authorization.
Particularly, a client filed a complaint about James Parascandola. Supposedly, Parascandola engaged in unauthorized transactions. Because of this, the client allegedly incurred damages. For this reason, on July 2, 2024, Pruco Securities LLC settled this matter by paying the client $6,366.86.
Also, a client of Equitable Advisors LLC contested James Parascandola’s sales practices, according to a complaint. Allegedly, Parascandola made unsuitable recommendations and engaged in excessive trading. Allegedly, Parascandola caused the client to sustain damages through investments in stocks. As a result, Equitable Advisors LLC chose to settle the matter on July 23, 2024, by compensating the client in the amount of $197,132.00.
Do you have concerns or questions about your investments with James Parascandola? You should get in touch with Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney concerning a potential recovery. Soreide Law Group has over a decade of experience recovering losses for investors throughout the country. The firm also works on a contingency fee arrangement and advances all costs. Parascandola and the securities firms Parascandola worked for deny allegations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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