Stoltmann Law Offices is investigating Kevin Scarpelli, an investment advisor with Wedbush Securities in San Francisco, California. If you invested and lost money with Scarpelli, Wedbush may be liable for those financial losses because the firm has a duty to reasonably supervise him. Wedbush can be sued in the Financial Industry Regulatory Authority (FINRA) arbitration forum to recover money losses. We sue firms such as Wedbush for investors on a contingency fee basis. According to Kevin Scarpelli’s FINRA BrokerCheck report, a customer alleged that he made unsuitable recommendations, abused margin, breached fiduciary duty, committed fraud, acted negligently, and failed to supervise his representatives, among other complaints. These are all against securities rules and regulations and brokers such as Scarpelli have a duty to abide by suitability laws, and to recommend investments to individuals based on their net worth, age, investment objectives, portfolios and investment sophistication.
Kevin T. Scarpelli was registered with Dupont Walston Inc. from May 1966 until January 1974, Birr, Wilson & Co. from December 1973 until January 1981 and Wedbush, Noble Cooke Inc. from December 1980 until January 1981. He has worked for Wedbush Securities in San Francisco, California since March 1982. He has three customer disputes against him, two of which are currently pending.