Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 16, 2017 indicate that former Florida-based Sagepoint Financial broker Gerolyn Shapiro, also known as Gerolyn Beebe and Gigi Shapiro, has been involved in a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Shapiro (CRD# 6065987).
Gerolyn Shapiro has spent three years in the securities industry and was most recently registered with Sagepoint Financial in Palm Beach Gardens, Florida (2015-2016). She was previously registered with Pruco Securities in Boca Raton, Florida (2013-2015) and Signator Investors in Boca Raton, Florida (2012-2013). She has passed one securities industry examination: Series 6 (Investment Company Products/Variable Contracts Representative Examination), which she obtained on October 23, 2012. She is currently not registered with any state, firm or self-regulatory organization.
According to her BrokerCheck report, she has received one customer complaint.
In October 2016 a customer alleged Gerolyn Shapiro, while employed at Pruco Securities, recommended an unsuitable variable universal life insurance product. The complaint settled in May 2017 for more than $98,300.
For reference, FINRA rules and federal securities law require brokers and investment advisers lik Gerolyn Shapiro to comply with a standard known as suitability, which means they may recommend only securities that are suitable for their customers. They must consider such factors as the customer’s investment goals, age, net worth, income, investment experience, risk tolerance and more. They are forbidden from misrepresenting or omitting material facts relating to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Financial professionals who recommend unsuitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding Gerolyn Shapiro, also known as Gerolyn Beebe and Gigi Shapiro, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.