Paul Theodore Dicicco, of Millbury, Massachusetts, a stockbroker formerly registered with Transamerica Financial Advisors, Inc., has been named in a customer initiated investment related written complaint on March 28, 2016, in which the customer requested $6,000.00 in damages based upon allegations that Dicicco made misrepresentations to the customer concerning the features of a variable annuity product, which caused the customer to sustain investment losses.
Financial Industry Regulatorily Authority (FINRA) Public Disclosure reveals that Dicicco has been named in four additional customer initiated investment related disputes containing allegations of Dicicco’s misconduct while employed with Intersecurities, Inc. In particular, on January 8, 2003, a customer initiated investment related complaint involving Dicicco’s conduct was settled for $11,300.00 in damages based upon allegations that Dicicco omitted that the customer’s assets would be invested in the stock market, and also omitted information concerning the principal risk, fees, and penalties pertaining to a variable annuity product.
Subsequently, on November 4, 2008, a customer initiated investment related complaint regarding Dicicco’s activities was resolved for $6,275.00 in damages based upon allegations that Dicicco misrepresented a variable universal life insurance policy as only requiring one premium payment from the customer for the policy to remain in effect.
Dicicco’s registration with Transamerica Financial Advisors, Inc. was terminated on May 17, 2016. Since January 11, 2017, Dicicco has been registered with Avalon Investment & Securities Group, Inc.
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