Daniel Mancuso (CRD #2519423), a broker and investment advisor registered with Paulson Investment Advisors LLC, has consented to official censure from FINRA, according to his BrokerCheck record, accessed on October 6, 2020. Mr. Mancuso has also settled several client disputes related to unsuitable investments.

On February 6, 2014, Daniel Mancuso entered into an Acceptance, Waiver, and Consent (AWC) agreement with FINRA. FINRA alleged that Mr. Mancuso exercised discretion in customer accounts without first obtaining the customers’ written authorization and that he improperly exercised discretion in order to purchase shares in syndicate trades without the client indicating interest in those trades. Mr. Mancuso consented to censure as well as a fine of $10,000. You can see a copy of his AWC here.

On December 7, 2012, clients alleged that Daniel Mancuso recommended an unsuitable 1031 exchange. The dispute settled for $52,557.40. In the Broker Comment section of the disclosure, Mr. Mancuso stated: “This matter settled to avoid the time and expense of going forward with a weeklong arbitration hearing.”

On February 27, 2012, Daniel Mancuso was fired from his position at Wells Fargo Advisors LLC, following allegations that he failed to discuss specific trades and syndicate allocations with clients prior to execution.

On September 22, 2003, a client alleged that Mr. Mancuso purchased technology stocks that were unsuitable. The client further alleged that Daniel Mancuso implemented an unsuitable investment strategy when he utilized the margin and traded in options. The client also alleged that Mr. Mancuso executed certain transactions in his account with no prior discussion about the trades. The client sought $254,535; the dispute settled $75,000.

Daniel Mancuso has passed the Series 63 Uniform Securities Agent State Law Examination, the Series 65 Uniform Investment Adviser Law Examination, the Securities Industry Essentials Examination, the Series 31 Futures Managed Funds Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in Arizona, California, Indiana, Iowa, Maryland, Michigan, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Puerto Rico, Texas, Virginia, and Washington. He is also a registered investment advisor in Maryland, Oregon, and Virginia.

Daniel Mancuso has worked in the securities industry for 26 years. In his over two decades of experience, he has worked at the following firms:

  • NBC Securities, Inc. (CRD #17870)
  • JHS Capital Advisors, LLC (CRD #: 112097)
  • Paulson Investment Company, Inc. (CRD #: 5670)
  • Wells Fargo Advisors, LLC (CRD #: 19616)
  • Wells Fargo Investments, LLC (CRD #: 10582)
  • Wachovia Securities, LLC (CRD #: 19616)
  • Prudential Securities Incorporated (CRD #: 7471)

If Daniel Mancuso was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for your free case consultation with a securities attorney.

Leave a Comment