Paul DiPietro

Paul DiPietro (CRD #4313454), a broker registered with Pinnacle Investments, LLC, and a formerly registered investment adviser, is facing allegations that he was negligent and made unsuitable recommendations, according to his BrokerCheck record, accessed on August 25, 2020. These are just a few of the allegations on Mr. DiPietro’s record.

On July 13, 2020, a client alleged that Paul DiPietro was negligent, breached his fiduciary duty, and committed fraud. The client is seeking $100,000; the dispute is pending.

On August 26, 2019, a client alleged that Paul DiPietro made unsuitable investment recommendations. The client is seeking $68,926.88; the dispute is pending.

On April 30, 2018, a client alleged that Mr. DiPietro churned his account and made unsuitable investment recommendations. The client is seeking $100,000; the dispute is pending.

These pending allegations are not the only disclosures in Paul DiPietro’s broker record.

On June 1, 2012, a client alleged that Mr. DiPietro made unsuitable investment recommendations. The client sought $50,000 in damages; the dispute settled for $20,000.

On January 30, 2008, a client alleged that Mr. DiPietro made unsuitable investment recommendations, churned the account, and failed to supervise. The client sought $450,000 in damages; the dispute settled for $160,000.

Paul DiPietro has passed the Series 66 Uniform Combined State Law Examination, the Series 63 Uniform Securities Age State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 62 Corporate Securities Limited Representative Examination, and the Series 24 General Securities Principal Examination. He is a registered broker in Arizona, Arkansas, California, Connecticut, Florida, Georgia, Idaho, Iowa, Maine, Maryland, Michigan, Minnesota, Nebraska, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, and Wyoming.

During his 19 years in the securities industry, Paul DiPietro has worked at 12 firms, including the following:

  • Dawson James Asset Management, Inc. (CRD #: 135259)
  • Dawson James Securities, Inc. (CRD #: 130645)
  • Investors Capital Advisory (CRD #: 30613)
  • Chicago Investment Group, LLC (CRD #: 11853)
  • Gunnallen Financial Inc. (CRD #: 17609)
  • Shelman Securities Corp. (CRD #: 39795)
  • Brockington Securities, Inc. (CRD #: 37438)
  • KSH Investment Group, Inc. (CRD #: 41817)
  • Harrison Securities Inc. (CRD #: 14103)
  • Global Capital Securities Corporation (CRD #: 16184)
  • Global Capital Markets, LLC (CRD #: 16191)

Some of these firms, including Chicago Investment Group, LLC, have been expelled by FINRA.

If Paul DiPietro 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.