Glenn Thomas Colangelo, of Salem, Oregon, a stockbroker formerly registered with The O.N. Equity Sales Company, has been named in a customer initiated investment related written complaint, which settled on March 15, 2017, for $300,921.00 in damages based upon allegations that Colangelo failed to act in the customer’s best interest pertaining to the customer’s investment in a variable annuity issued by Ohio National Life Insurance Company.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on October 14, 2008, a customer initiated investment related written complaint concerning Colangelo’s activities was settled for $37,781.10 in damages based upon allegations that Colangelo, while associated with U.S. Bancorp Investments, Inc., made misrepresentations to the customer regarding the death benefit features of a variable annuity policy.
Colangelo’s registration with The O.N. Equity Sales Company was terminated on January 6, 2017. Since April 4, 2017, Colangelo has been associated with American Independent Securities Group, LLC.
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