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WARNING! Impending Investigation–JOSEPH PAPPALARDO and FINANCI

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03
Nov

WARNING! Impending Investigation–JOSEPH PAPPALARDO and FINANCI

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Joseph Pappalardo and Financial Network Investment Corp.

Have you lost money with financial advisor Joseph T. Pappalardo of Roseville, California?  Joseph Pappalardo was recently barred by FINRA (the Financial Industry Regulatory Authority) for fraud and theft of customer funds.  FINRA alleged that Pappalardo stole customer funds for personal use, from August 2008 to August 2012.

Pappalardo was involved with a company called Coast-2-Coast Properties, which was purportedly used to buy, renovate, and sell homes.  He solicited customers to invest in Coast-2-Coast by offering them notes which carried 12% interest.  Pappalardo also was involved with Prosperity Financial Estate Planning and Insurance Services.  He solicited investors to invest in notes of Prosperity Financial, but FINRA alleges that Prosperity Financial was nothing more than a name he used to solicit funds. Pappalardo is believed to have used Coast-2-Coast and Prosperity Financial as a means to steal money from his clients.

Joseph Pappalardo was a financial advisor and registered representative of Financial Network Investment Corp. (now known as Cetera Advisor Network LLC) from August 2008 to August 2012.  He is no longer licensed as a financial advisor.

Broker-dealers like Financial Network Investment Corp./Cetera Advisor Network have a duty to supervise the conduct of their financial advisors.  If a broker-dealer fails to adequately supervise their advisors and representatives, the broker-dealer may have liability for customer losses.  If you have lost money through Joseph Pappalardo or Financial Network Investment Corp. and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ or call us at 720-599-3505.

Click here to view FINRA AWC regarding Joseph Pappalardo:  Pappalardo FINRA AWC

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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