Mark Scordato of Parsippany New Jersey a stockbroker formerly registered with GF Investment Services is referenced in a customer initiated investment related written complaint on April 29, 2020 where the customer sought $34,000.00 in damages supported by accusations of a fixed insurance product being purchased without the customer’s authorization when Scordato was associated with GF Investment Services.
This is not the first time that Scordato’s sales practices have become the focus of a customer initiated investment related dispute. FINRA Public Disclosure confirms that Scordato is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages founded on allegations that suitability forms and applications had been fraudulently prepared by Scordato as it pertained to a real estate security and variable annuity purchase. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-00991 (Nov. 13, 2020). The claim alleges that false statements were made in regard to the customer’s assets which resulted in the customer being inappropriately placed into investment accounts and annuities.
Scordato was registered with GF Investment Services between June 24, 2010 and April 18, 2019. He has been a stockbroker of JW Cole Financial Inc. since April 16, 2019 and an investment adviser representative of JW Cole Advisors Inc. since May 10, 2019.