Did you lose money investing with Joseph Mauro (a/k/a Joe Mauro) (CRD# 2046076)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Joseph Mauro (a/k/a Joe Mauro). If you suffered losses investing with Joseph Mauro (a/k/a Joe Mauro), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of June 22, 2020, Joseph Mauro (a/k/a Joe Mauro)’s FINRA BrokerCheck Report contains the following:
Disclosure Events
1 Customer Dispute(s)
1 Regulatory Event(s)
1 Employment Separation After Allegations
UPDATE 6/22/2020: According to FINRA’s June 2020 Disciplinary Actions: Joseph John Mauro (CRD #2046076, Indiana, Pennsylvania) April 16, 2020 – An AWC was issued in which Mauro was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for one month. Without admitting or denying the findings, Mauro consented to the sanctions and to the entry of findings that he falsified three customers’ signatures on variable annuity withdrawal forms after the customers requested those withdrawals. The findings stated that each of the withdrawal forms resulted in the movement of funds from the customer’s variable annuity to the customer’s personal bank account. Two of the customers authorized Mauro to sign their names to the forms. The suspension was in effect from April 20, 2020, through May 19, 2020. (FINRA Case #2018060749801)
Current and Previous Registrations
02/11/1991 – 11/30/2018 AMERITAS INVESTMENT CORP. (CRD#:14869) INDIANA, PA
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Joseph Mauro (a/k/a Joe Mauro) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
