Were you the victim of former United Planners’ Financial Services Of America A Limited Partner broker Joseph Appolito (CRD# 6698), who is accused of unsuitable investment recommendations? He has been registered with Commonwealth Financial Network in Kapolei, Hawaii, since 2018. Previously, he was registered with Ameriprise Financial Services, Inc. in Honolulu, Hawaii, from 2013 to 2018 and with United Planners’ Financial Services Of America A Limited Partner in Rancho Mirage, California, from 2009 to 2013.
Joseph Appolito Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
September 2022. “Breach of fiduciary duty, unsuitability, material misrepresentations and omission, breach of contract, violation of California securities law, violation of FINRA rules 2010, IM-2310-2, and 2020.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with United Planners’ Financial Services Of America A Limited Partner.
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, United Planners’ Financial Services Of America A Limited Partner may be liable for investment or other losses suffered by Joseph Appolito’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.
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