INVESTOR ALERT! MICHAEL EVANGELISTA of Parsippany, NJ
Michael Evangelista and Allegations of Unsuitable Investments
Have you lost money in Michael Evangelista from Parsippany, New Jersey? Michael Evangelista was recently barred by FINRA, the Financial Industry Regulatory Authority, for selling investments in a real estate company. It was alleged that Evangelista did not have permission from his brokerage firm, Cambridge Investment Research, to sell these investments.
FINRA alleged that Michael Evangelista recommended that a number of his clients invest in this real estate company between 2006 and 2011. It was alleged that Evangelista sold at least $3 million in securities to his clients, and that he earned over $50,000 in commissions for selling these investments. FINRA also alleged that Evangelista had no reasonable basis for making these recommendations to his clients, and therefore that the recommendations were unsuitable for these clients.
Michael C. Evangelista was a financial advisor and registered representative of Cambridge Investment Research from January 2008 to May 2012. He worked out of offices in Parsippany, New Jersey, and Berwyn, Pennsylvania.
Broker-dealers have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Our attorneys have represented hundreds of investors who have defrauded by their financial advisor or stockbroker. We have also previously represented clients throughout Pennsylvania, New Jersey, and New York.
If you have lost money with Michael Evangelista and want to hear about ALL legal options, please visit https://www.israelsneuman.com and go to our CONTACT page or call us at 720-599-3505.
Click to view: Evangelista FINRA AWC