The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding energy investments made with California-based Wells Fargo Advisors broker/adviser Margo Fragnito (CRD# 2438311).
Marco Fragnito has spent 22 years in the securities industry and has been registered with Wells Fargo Advisors in Laguna Hills, California since 2010. Previous registrations include Raymond James & Associates in Newport Beach, California (2006-2010); Wachovia Securities in Anaheim, California (2000-2006); and Salomon Smith Barney in New York, New York (1994-2000). He is a registered broker and investment adviser with 14 US states and territories: California, Connecticut, Florida, Illinois, Louisiana, Missouri, Nevada, New Jersey, New York, North Carolina, Oklahoma, South Carolina, Texas, and Virginia.
According to his BrokerCheck report, Marco Fragnito is currently not the subject of any customer complaints or other disclosures. Common customer complaints involved unsuitability or breach of fiduciary duty; other examples include the misrepresentation of material facts or execution of unauthorized transactions.
According to FINRA rules and federal securities law, investment professionals must abide by a standard called suitability, meaning they must recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
Brokers are similarly prohibited from executing transactions without a customer’s permission or authorization. There are some exceptions, including discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and broker-dealer firms who effect unauthorized trades may be subject to disciplinary action.
If you have complaints regarding energy investments made with Marco Fragnito, you may be able to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.