Joseph Ambrosole is a New York-based securities broker. He has worked in the securities industry for six years. During his career, he has been registered with six different securities firms.
His registrations include; Obsidian Financial Group (2011-2012), Laidlaw & Company (2012-2013), Global Arena Capital Corp. (2013-2015), Joseph Stone Capital (2015, 2017-Present), Meyers Associates (2015-2016), and Alexander Capital (2017).
Joseph Ambrosole’s publicly available FINRA BrokerCheck report shows that he has multiple red marks on his record that include a FINRA sanction and multiple customer complaints.
In February 2017, Ambrosole was officially sanctioned by FINRA. The findings in this matter state that he executed five unauthorized trades in the account of a customer. Due to the alleged actions, he was fined $5,000 and suspended from acting as a securities broker in any fashion for a period of one month.
In March 2018, a customer alleged churning, unsuitability, and over-concentration. This case is currently pending. The customer is seeking $275,000 in damages.
In August 2018, a customer alleged common law fraud, breach of fiduciary duty, gross negligence, and breach of contract. This case is currently pending. The customer is seeking $100,000 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 Joseph Ambrosole, please contact Oakes & Fosher for a free and private consultation.