Marco Fragnito, of Laguna Hills, California, a stockbroker registered with Wells Fargo Advisors Financial Network, LLC, is the subject of a customer initiated investment related arbitration claim, which was settled for $1,200,000.00 in damages on July 20, 2017, based upon allegations that Fragnito effected trades in the customer’s account that the customer never authorized. The customer further alleged that the financial advisor effected unsuitable and excessive over-the-counter equities transactions.
FINRA Public Disclosure additionally confirms that on May 12, 2017, a customer initiated investment related arbitration claim regarding Fragnito’s activities was resolved for $50,000.00 in damages supported by allegations including suitability, breach of contract and fiduciary obligations, and negligence on Fragnito’s part while associated with Raymond James & Associates, Inc.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
