Vincent Leonard Petrangelo, of Springfield, Massachusetts, a stockbroker formerly registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages founded on allegations of failure to supervise stock and mutual fund trading in the customer’s account when Petrangelo was employed by Raymond James Associates. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03640 (January 6, 2021).
Petrangelo has been identified in five more customer initiated investment related disputes containing accusations of his misconduct when he was employed by Morgan Stanley and Raymond James. FINRA Public Disclosure shows that a customer filed an investment related complaint regarding Petrangelo’s activities where the customer requested compensatory damages based upon allegations of unsuitable trading and failure to disclose fees relating to mutual fund transactions at Morgan Stanley.
Another customer who brought an investment related arbitration claim was awarded $39,802.69 in damages founded on Petrangelo and Raymond James being found liable on the customer’s causes of action, including failure to supervise, unauthorized trading, unsuitability, breach of fiduciary duty, and churning of the customer’s Raymond James account.
Petrangelo is also referenced in a customer initiated investment related written complaint in which the customer sought compensatory damages based upon accusations of Petrangelo’s unauthorized trading concerning unit investment trust and mutual fund products while Petrangelo was associated with Raymond James.
Another customer filed an investment related complaint concerning Petrangelo’s conduct where the customer requested $26,062.34 in damages founded on allegations of Petrangelo’s unsuitable trading of mutual funds at Raymond James.
Petrangelo is also identified in a customer initiated investment related written complaint in which the customer sought $78,192.96 in damages supported by accusations that Petrangelo made misrepresentations regarding a variable annuity held by the customer during the time that Petrangelo was registered with Raymond James.
Petrangelo’s stockbroker and investment adviser representative registrations at Raymond James were terminated on April 24, 2018.
On July 23, 2018, Petrangelo was sanctioned by Massachusetts Securities Division based in part on investor disputes alleging unauthorized trading, unsuitable trading, churning, and breach of fiduciary duty. Massachusetts Securities Division required Petrangelo to be on heightened supervision as a condition of associating with Ameriprise Financial Services, who employed him on April 20, 2018.
