The Financial Industry Regulatory Authority (“FINRA”) shows on BrokerCheck that investors filed disputes about securities broker James Vincent Prosperi (CRD#: 2337125, Pittsford, New York). Also, BrokerCheck reports misconduct allegations associated with Prosperi’s departure from Pruco Securities and Merrill Lynch. Here’s more about the securities broker.
Evidently, James Prosperi worked for securities broker Pruco Securities from November 2019 to December 2020. It appears that Pruco Securities disaffiliated with him based upon him allegedly submitting nongenuine signatures. Allegedly, this concerned annuity applications that the securities broker handled for one or more clients.
Before joining Pruco Securities, Prosperi was a Merrill Lynch securities broker. Evidently, Merrill Lynch disaffiliated with him in March 2014. According to Merrill Lynch, Prosperi did not verify his client’s identity in connection with making a transaction.
Notably, a client of Pruco Securities brought a complaint about James Prosperi in September 2020. Mainly, the client alleged that the securities broker used insurance documents containing fake signatures. It appears that this complaint is unresolved at this time.
Also, a client of Allstate Financial Services took aim at James Prosperi’s sales practices. Specifically, the client alleged in a September 2018 dispute that the broker did not mention fees for mutual fund purchases. Supposedly, the securities broker urged her to move her money into a fixed annuity and a variable annuity. However, Allstate Financial Services denied this dispute in October 2018.
Did James Prosperi cause you to experience investment losses or damages at Pruco Securities? If so, call Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered compensation for many investors throughout the United States who incurred damages because of their financial advisors or securities brokers. Please note: Prosperi denies all allegations of his sales practice violations.
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