Joseph Paul Todaro, of Melville, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $194,599.73 in damages based upon allegations that Todaro engaged in excessive trading, charged the customer excessive commissions, and engaged in the unauthorized trading of the customer’s account, in connection with the sale of over-the-counter equities and common stocks and preferred stocks options. FINRA Arbitration No. 22-01230 (July 11, 2022).
FINRA Public Disclosure shows that Todaro is referenced in sixteen (16) other customer initiated investment related disputes concerning Todaro’s conduct while associated with securities broker dealers, including SW Financial. On January 14, 2022, a customer initiated investment related complaint involving Todaro’s conduct was settled for $19,000.00 in damages based upon allegations that Todaro engaged in unuathorized trading in over-the-counter equities and common stocks and preferred stocks options when Todaro was associated with SW Financial.
On February 23, 2022, another customer filed an investment related complaint involving Todaro’s conduct in which the customer requested $5,000.00 in damages based upon allegations that Todaro also engaged in the unuathorized trading of over-the-counter equities and common stocks and preferred stocks when Todaro was associated with SW Financial.
Todaro is also referenced in a FINRA securities arbitration claim in which the customer requested $5,000.00 in damages based upon allegations that Todaro was negligent, made excessive and unsuitable transactions, and breached a fiduciary duty relating to the recommendation and sale of over-the-counter equities and common stocks and preferred stocks when Todaro was associated with Worden Capital Management LLC. FINRA Arbitration No. 22-00347 (Mar. 18, 2022).
On June 15, 2022, another customer filed an investment related complaint involving Todaro’s conduct in which the customer requested $903,968.06 in damages based upon allegations that Todaro effected unauthorized and excessive transactions, and charged the customer excessive commissions in connection with the recommendation and sale of over-the-counter equities and common stocks and preferred stocks when Todaro was associated with SW Financial.
Joseph Todaro was associated with SW Financial in Melville, NY, as a stockbroker from August 24, 2020 to December 23, 2021. SW Financial discharged Todaro based upon allegations that Todaro made unauthorized transactions. Todaro has been associated with Network 1 Financial Securities Inc. in Hauppauge, NY, as a stockbroker since January 19, 2022.
