David Thomas Pawloski of Red Bank New Jersey a stockbroker currently registered with Cantella Co. Inc. is the subject of a customer initiated investment related written complaint on April 9, 2020 in which the customer requested $16,000.00 in damages based upon allegations of the customer being sold poorly performing stocks by Pawloski during the period that the stockbroker was associated with Cantella.
Pawloski has been identified in five additional customer initiated investment related disputes containing accusations of his wrongdoing during the time that he was employed by securities broker dealers including Shearson Lehman Brothers Inc., PaineWebber and Oppenheimer Co. Inc. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Pawloski is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer was awarded compensatory damages supported by Shearson Lehman being found liable on the customer’s claims of unsuitable recommendations resulting in damages.
Another customer initiated investment related complaint involving Pawloski’s activities was resolved for $15,000.00 in damages founded on allegations that misrepresentations had been made to the customer concerning the financial outlook and value of a unit investment trust product sold by Pawloski while at PaineWebber. A different customer filed an investment related complaint concerning Pawloski’s conduct in which the customer sought $11,000.00 in damages based upon accusations of the stockbroker’s failure to abide by the customer’s instructions regarding over-the-counter equities liquidations from the customer’s account.
Pawloski is also referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $20,000.00 in damages supported by allegations that the customer had been charged excessive commissions and fees on securities transactions. FINRA Arbitration No. 16-02090 (July 20, 2017). The claim also alleges that unsuitable alternative investments including energy securities, direct participation programs or limited partnerships were sold to the Oppenheimer customer.
On October 25, 2017, another customer initiated investment related complaint regarding Pawloski’s activities was resolved for $60,000.00 in damages founded on accusations of unsuitable stock trades being effected in the customer’s account when Pawloski was associated with Oppenheimer. According to the complaint, the stockbroker’s transactions were not suitable for the customer.
Pawloski was registered with Oppenheimer between January 2, 2002 and January 19, 2018. He has been registered with Cantella since January 12, 2019.
