Kerry John Mangano of Irvine California a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on July 8, 2016 where the customer sought damages estimated to exceed $5,000.00 founded on allegations that Mangano failed to execute the customer’s over-the-counter equities trades according to the customer’s instructions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Mangano has been identified in three additional customer initiated investment related disputes containing accusations of his misconduct while employed with A.G. Edwards & Sons, Inc. and Wells Fargo Advisors, LLC. Specifically, on June 28, 2000, a customer filed an investment related complaint concerning Mangano’s conduct in which the customer requested $28,125.00 in damages supported by allegations that while Mangano was associated with A.G. Edwards & Sons, Inc., unauthorized over-the-counter equities trades were executed in the customer’s account.
Then, Mangano was subject of a customer initiated investment related arbitration claim where the customer was awarded $263,225.00 in damages based upon Mangano and A.G. Edwards & Sons, Inc. being found jointly liable on the customer’s claims of them having negligently transacted in the customer’s account, breached fiduciary duties to the customer, placed transactions in the customer’s account that were not suitable for the customer, and committing fraud in regard to the securities placed in the customer’s portfolio. National Association of Securities Dealers (NASD) Arbitration No. 98-04960 (Aug. 18, 2000).
Moreover, a customer initiated investment related arbitration claim concerning Mangano’s activities was settled for $12,000.00 in damages based upon accusations that while Mangano was associated with Wells Fargo Advisors, LLC, equity trades were effected in the customer’s account on an excessive basis. FINRA Arbitration No. 12-03513 (Mar. 7, 2014).
Mangano, who has been in the securities industry since August 30, 1982 and registered at nine brokerage firms in New York and California, was terminated from Wells Fargo Clearing Services, LLC on July 6, 2018. Mangano has been employed by Stifel, Nicolaus & Company, Incorporated since July 16, 2018.
