The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker Paul Mauro. According to his publicly available FINRA BrokerCheck report, Paul Mauro has been sanctioned by the Massachusetts Securities Division.
Paul Mauro is presently operating as a Massachusetts based securities broker. He has worked in the securities industry for forty-one years. During his career he has been registered with ten different securities firms.
His Registrations
- John Hancock Distributors (1976-1987)
- John Hancock Mutual Life Insurance Company (1976-1987)
- Buttonwood Securities Corporation of Massachusetts (1987-1988)
- J.T. Moran & Co. (1988-1990)
- R.G. Dickinson & Co. (1990-1991)
- PML Securities Company (1991-1995)
- Intersecurities, Inc. (1995-1999)
- Legacy Financial Services (1999-2007)
- SII Investments (2007-2017)
- Sagepoint Financial (2017-Present)
The Allegations
Paul Mauro’s FINRA BrokerCheck report shows that he was sanctioned by the Massachusetts Securities Division in February 2018. The allegations state that Mauro had been the subject fourteen disclosure incidents while employed at various different securities firms—nine of those disclosures being customer complaints. His alleged actions range from making guarantees on variable products, misrepresenting tax consequences, failing to provide information on surrender charges, failing to deliver a prospectus, and delaying the delivery of an insurance policy.
Due to his alleged actions, Paul Mauro received a five-year probationary period where he will receive incredibly heightened supervision. All of his account forms are to be reviewed and signed by his supervisor. Also, the home office principal shall select a sample of ten percent of his Massachusetts customer accounts for review on a quarterly basis. Also prior to any sales of securities to any Massachusetts customers, the sale is to be reviewed by his supervisor.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages. Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Paul Mauro, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.
