Gaetano Magarelli was a Florida based securities broker. He worked in the securities industry for twenty-four years. During his career, he was registered with seven different securities firms.
His registrations included; J.W. Gand & Associates (1992), Joseph Charles & Associates (1992-1995), JWGenesis Securities (1995-1999), Global Capital Securities Corporation (1999-2001), IDS Life Insurance Company (2002-2006), Ameriprise Financial Services (2002-2009), and Newbridge Securities Corporation (2010-2018). He is no longer working as a registered securities broker in any fashion.
Gaetano Magarelli’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In October 2008, a customer alleged that Magarelli engaged in unauthorized trading.
In November 2015, a customer alleged that Magarelli recommended unsuitable investments and made trades in the account without authorization from her. This case was settled for $27,500 in damages.
In August 2017, a customer alleged that Gaetano Magarelli traded her account unsuitable between December 2010 and February 2017. This case was settled for $109,000 in 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 Gaetano Magarelli, please contact Oakes & Fosher for a free and private consultation.