RAYMOND PIRRELLO of Hackensack, NJ Suspended 18 Months
Raymond Pirrello, formerly with Garden State Securities, Suspended 18 Months from Securities Industry
Have you lost money with financial advisor Raymond Pirrello of Hackensack, New Jersey? We are investigating allegations made by the Financial Industry Regulatory Authority (FINRA) against Raymond John Pirrello, Jr. Pirrello was suspended from the securities industry for eighteen months and fined $20,000 regarding allegations that he texted with customers without approval from his brokerage firm, Garden State Securities. He also was alleged to have settled two cases without disclosing such to FINRA, and that he made misrepresentations to FINRA in connection with its investigation.
Raymond Pirrello was a financial advisor and registered representative of Garden State Securities from 2008 to May 2016. He worked at a branch office in Hackensack, New Jersey. Pirrello has also been the subject of at least 11 customer complaints, and he was also charged by the SEC for insider trading in 2016 regarding Radiant Systems, Inc.; Midas Incorporated; and Brightpoint, Inc.
Brokerage firms like Garden State Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration in all 50 states, including investors in New Jersey.
Click to view: Pirrello, Raymond FINRA AWC
Click to view: Pirrello, Raymond BrokerCheck 11.21.18
If you lost money with Raymond Pirrello or Garden State Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.