Blaise Caroleo (CRD #: 5256393), an investor registered with SW Financial, is involved in allegations of churning, according to his BrokerCheck record, accessed on March 4, 2021. For more details regarding this dispute, keep reading.

Broker, John Wallinger has TIC Complaint

On December 24, 2020, an investor alleged that Blaise Caroleo churned their account. “Churning” is a type of fraud in which an investor executes excessive transactions to generate commissions for themselves. The investor further alleges that Caroleo engaged in negligent misrepresentation and omitted material facts. The investor is seeking $411,740; the dispute is pending.

Blaise Caroleo has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in all 50 states and Washington D.C.

Caroleo has 12 years of experience and has worked for six different firms:

  • SW Financial (CRD #: 145012)
  • Worden Capital Management (CRD #: 148366)
  • Legend Securities (CRD #: 44952)
  • Joseph Gunnar & Co (CRD #: 24795)
  • Brookstone Securities (CRD #: 13366)
  • J.P. Turner & Company (CRD #: 43177)

If Blaise Caroleo 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 for a free case consultation with a securities attorney.

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