John Paul Mazza of Shelby Township Michigan a stockbroker formerly registered with Independent Financial Group LLC is the subject of a customer initiated investment related written complaint on April 3, 3018 where the customer requested $5,000.00 in damages supported by accusations that Mazza mishandled the customer’s investment advisory account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Mazza has been identified in three additional customer initiated investment related disputes containing allegations of Mazza’s violative conduct during the period that he was employed by Merrill Lynch, Pierce, Fenner & Smith Inc. and UBS Financial Services Inc. Specifically, on November 10, 2004, a customer initiated investment related complaint involving Mazza’s conduct was resolved for $45,000.00 in damages founded on accusations that Mazza executed over-the-counter equities transactions in the customer’s account which failed to conform to the customer’s tolerance for risk.
On August 13, 2009, another customer filed an investment related complaint concerning Mazza’s activities in which the customer sought $50,000.00 in damages based upon allegations that the advisor touted a Trio Industries investment as suitable for the customer despite the product failing to conform to the customer’s objectives for investing. Subsequently, a customer initiated investment related arbitration claim concerning Mazza’s activities was settled for $40,000.00 in damages supported by accusations that Mazza made equities and mutual fund recommendations to the customer that were not suitable. FINRA Arbitration No. 09-04082 (July 16, 2010).
Mazza’s registration with Independent Financial Group, LLC has been terminated as of January 28, 2018.
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