John Cangialosi; Legend Securities; New York, New York

Stoltmann Law Offices is investigating John Cangialosi, a former registered broker with Legend Securities. Cangialosi was accused of unsuitable investments, fraudulent and negligent acts, breach of contractual requirements, churning and negligent misrepresentation, among other claims. He also allegedly failed to timely disclose judgments or liens against him. For this, he was fined $5,000 by the Financial Industry Regulatory Authority (FINRA) and suspended for three months. In January 2016, the state of Michigan denied Cangialosi’s application to engage in securities business in the state on the grounds that he engaged in dishonest and unethical practices within the last 10 years supporting the denial of his registration application.

According to his online FINRA BrokerCheck report, Cangialosi was registered with Joseph Stevens & Company in Brooklyn, New York from December 2001 until June 2004, Gunnallen Financial in Staten Island, New York from June 2004 until August 2006, JP Turner & Company in Staten Island from August 2006 until February 2009, Broostone Securities in Staten Island from October 2009 until June 2012, Joseph Gunnar & Co. in Staten Island from June 2012 until August 2013 and Legend Securities in New York, New York from August 2013 until November 2016. He is currently registered with Worden Capital Management in New York and has been since November 2016. He has five customer disputes against him and one judgment/lien.

Please call us today if you invested money with John Cangialosi. We may be able to bring a claim against his former firm, Legend Securities, for not reasonably supervising him while he was registered there. We take cases on a contingency fee basis only so please call today. The call is free with no obligation. Attorneys are standing by. 312-332-4200.

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