Former Equitable Advisors, LLC Broker James Parascandola Investment Loss Options

Equitable Advisors

Former Equitable Advisors, LLC broker James Parascandola (CRD# 2866028) is accused of investment losses related to common and preferred stocks. He has been registered with Prudential Financial Planning Services and Pruco Securities, LLC in East Brunswick, New Jersey and Union Beach, New Jersey since May 2022. Previously, he was registered with Equitable Advisors, LLC in Wall, New Jersey from 2020 to 2022. 

James Parascandola Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

June 2022. “Client alleges their portfolio was unsuitable, and the RR excessively traded within their brokerage account in 2021.” The case is currently pending. The complaint was regarding common and preferred stocks and took place while he was registered with Equitable Advisors, LLC. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Equitable Advisors, LLC may be liable for investment or other losses suffered by James Parascandola’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.