Advisor Alert: Our Attorneys Are Investigating Anthony T Megaro For Investment Fraud
Did You Lose Money Because of Anthony Megaro?
Filed: March 19, 2024
Anthony Megaro (also known as Anthony Thomas Megaro) has been the subject of three (3) regulatory events, one (1) termination event, and two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Anthony T Megaro.
Who Is Anthony T Megaro of Nationwide Planning Associates Inc. and NPA Asset Management, LLC?
- Advisor Name: Anthony T Megaro
- Aliases: Anthony Thomas Megaro
- CRD: 1977837
- Location: Fair Lawn, New Jersey
- Current Employer: Nationwide Planning Associates Inc. and NPA Asset Management, LLC
- Previous Firms: Park Avenue Securities LLC and Guardian Investor Services Corporation
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 3
- Number of Known Termination Events: 1
- Can Anthony Megaro Be Sued: Yes, in Private Arbitration
- Can Anthony Megaro’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $375,000
- Highest Settlement: $60,000
If you have suffered investment losses by Anthony Megaro, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Anthony Megaro For Broker Misconduct
As of this publication date, Anthony Megaro has been the subject of 3 regulatory events, 1 termination event, and 2 customer disputes. Let’s review them below.
In December 2022, Park Avenue Securities LLC terminated Anthony Megaro for failing to comply with the Firm’s policies and procedures related to document integrity and authenticity.
In December 2021, a complaint was filed against or in reference to Anthony Megaro by multiple customers of Park Avenue Securities LLC alleging that they were unaware that Mr. Megaro was added as a beneficiary to their Mother’s IRA. Plaintiffs are questioning the authenticity of their mother’s signature on the form. In addition, the clients allege their names were forged on applications for Variable Deferred Annuities with Transamerica, and that said applications were submitted without their knowledge or consent. Per the customers, they lost over $375,000 because of Mr. Megaro’s actions. On March 13, 2023, Mr. Megaro settled the claim for $60,000, and some or all of this amount may have been paid by Mr. Megaro’s employer and/or insurance carrier.
In October 2020, New York State Department of Financial Services initiated a regulatory action against or in reference to Anthony Megaro for failure to timely report the final disposition of two administrative actions against him, in violation of section 2110(i) of the Insurance Law.
In June 2019, Ohio Department of Insurance initiated a regulatory action against or in reference to Anthony Megaro for failing to disclose a Consent Order he entered into with the State of NJ Department of Banking and Insurance on March 15, 2002. RR Megaro violated section 3905.114(B)(1) of the State’s Revised Code.
In November 2015, a complaint was filed against or in reference to Anthony Megaro by a customer of Park Avenue Securities LLC alleging that the sale of a variable annuity was an unsuitable investment. Per the customer, he/she lost over $215,699.68 because of Mr. Megaro’s actions. On February 29, 2016, Mr. Megaro settled the claim for $24,764.99, and some or all of this amount may have been paid by Mr. Megaro’s employer and/or insurance carrier.
In March 2002, New Jersey Department of Banking and Insurance initiated a regulatory action against or in reference to Anthony Megaro for distributing a solicitation for health insurance to New Jersey residents that was misleading and deceptive, in that it lead prospective purchasers to believe that they were guaranteed premium savings with the same or better coverage, in violation of NJSA 17B:30-4, NJSA 17:22A-17a(20) and NJAC 11:2-11.2.
How To File A Claim Against Anthony Megaro of Nationwide Planning Associates Inc. and NPA Asset Management, LLC (previously with Park Avenue Securities LLC and Guardian Investor Services Corporation) To Get Your Money Back
If you have questions about Anthony Megaro, Nationwide Planning Associates Inc., NPA Asset Management, LLC, Park Avenue Securities LLC, Guardian Investor Services Corporation, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.