Frank John Calise, of Scottsdale, Arizona, a stockbroker associated with Questar Capital Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Calise engaged in misrepresentation, fraud, and breach of fiduciary duty in connection with the sale of a real estate security when Calise was associated with Questar. FINRA Arbitration No. 20-00220 (March 4, 2021).
This is not the first time that Calise has been referenced in a customer initiated investment related dispute concerning Calise’s conduct in the securities industry. FINRA Public Disclosure shows that Calise was also referenced in a customer initiated investment related complaint filed on January 27, 2020, in which the customer requested $142,250 in damages based upon allegations that Calise provided improper management of her annuities, mutual funds, and real estate securities during the time that Calise was associated with Questar. The complaint was denied by the firm on February 11, 2020.
Calise has been associated with Avantax Investment Services Inc. in Scottsdale, Arizona since June 20, 2023, as a stockbroker. He has also been associated with Avantax Advisory Services in Scottsdale, Arizona since June 22, 2023, as an investment adviser representative. Previously, Calise was associated with Securities America Advisors Inc. from December 27, 2018, to June 26, 2023, and Securities America Inc. from December 26, 2018, to June 26, 2023, both in Scottsdale, Arizona. Before that, he was associated with Questar Asset Management Inc. from August 9, 2011, to December 31, 2018, and Questar Capital Corporation from July 19, 2011, to December 31, 2018, also in Scottsdale, Arizona.