There are options for clients of former Raymond James & Associates, Inc. broker Vincent Petrangelo (CRD# 2866580) who suffered stock losses. He has been registered with Ameriprise Financial Services, LLC in Springfield, Massachusetts since 2018. Previously, he was registered with Ameriprise Financial Services, Inc. in Minneapolis, Minnesota from 2018 to 2019 and with Raymond James & Associates, Inc. in Springfield, Massachusetts from 2006 to 2018.
In July 2018, the Massachusetts Securities Division placed his registration as a broker-dealer agent of Ameriprise in Massachusetts on conditions with heightened supervision for three years. According to FINRA, “On or about April 20, 2018, Ameriprise filed on FINRA’s CRD an Application seeking registration of Petrangelo as a BD Agent in Massachusetts (the “Application”). Petrangelo has 14 disclosure incidents on the CRD which include 7 creditor Compromises that were written off, 2 judgment liens that were satisfied and 5 customer complaints alleging breach of fiduciary duty, churning, unauthorized trading and suitability issues.”
Vincent Petrangelo Customer Complaints
Vincent Petrangelo has been the subject of six customer complaints between 2006 and 2021, three of which were denied and one was withdrawn, according to his CRD report. The most recent complaint was regarding:
January 2021. “Claimants allege Branch Manager failed to adequately supervise Claimants’ FAs. Alleged Activity dates: 2/13/2009 to present.” The case is currently pending. The complaint took place while he was registered with Raymond James & Associates, Inc. and was regarding common and preferred stocks and mutual funds.
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, Raymond James & Associates, Inc. may be liable for investment or other losses suffered by Vincent Petrangelo’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.