There are options for customers of former J.W. Cole Financial, Inc. broker Vincent Mastrovito (CRD# 2044645) who suffered investment losses due to unsuitable and over concentrated investments. He has been registered with J.W. Cole Financial, Inc. in Novi, Michigan from 2013 to 2021. Previously, he was registered with Lincoln Financial Advisors Corporation in Holland, Ohio from September to October 2013 and with Cambridge Investment Research, Inc. in Bloomfield Hills, Michigan from 2012 to 2013, when he was terminated regarding, “registered representative violated firm policy regarding the sale of equity-indexed annuities.”
Vincent Mastrovito Customer Complaints
He has been the subject of three customer complaints in 2021, one of which was denied, according to his CRD report:
January 2022. “Client alleges REITs and insurance policy were unsuitable.” The case is currently pending. The complaint was regarding insurance and real estate securities and took place while he was registered with J.W. Cole Financial, Inc.
January 2022. “The Statement of Claim alleges the client was overconcentrated in alternative investments, annuities and life insurance policies and as a result, has lost a significant amount of money.” The case is currently pending. The complaint took place while he was registered with Cambridge Investment Research, Inc. and was regarding insurance and real estate securities.
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, J.W. Cole Financial, Inc. may be liable for investment or other losses suffered by Vincent Mastrovito’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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