Advisor Alert: Our Attorneys Are Investigating Roger Salvatore Zullo For Investment Fraud
Did You Lose Money Because of Roger Zullo?
Filed: November 6, 2023
Roger Zullo has been the subject of three (3) regulatory events, one (1) termination event, and four (4) 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 Roger Salvatore Zullo.
Who Is Roger Salvatore Zullo?
- Advisor Name: Roger Salvatore Zullo
- Aliases: Roger Zullo
- CRD: 1882087
- Location: Boston, Massachusetts
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: LPL Financial LLC, Park Avenue SEcurities LLC, and Guardian Investor Services Corporation
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 3
- Number of Known Termination Events: 1
- Can Roger Zullo Be Sued: Yes, in Private Arbitration
- Can Roger Zullo’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $95,165
- Highest Settlement: $50,000
If you have suffered investment losses by Roger Zullo, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud 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 Roger Zullo For Broker Misconduct
As of this publication date, Roger Zullo has been the subject of 3 regulatory events, 1 termination event, and 4 customer disputes. Let’s review them below.
In July 2018, United States Securities And Exchange Commission deemed it appropriate and in the public interest to bar Zullo from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization, as well as from participating in any offering of a penny stock.
In July 2017, FINRA initiated a regulatory action against or in reference to Roger Zullo. Without admitting or denying the findings, Zullo consented to the sanction and to the entry of findings that he failed to produce FINRA requested information and documents related to an investigation into allegations of fraud, falsification, and unsuitability in an administrative complaint filed by the Massachusetts Securities Division. The findings stated that some of the misconduct in the complaint is alleged to have affected customers who were senior citizens.
In February 2017, a complaint was filed against or in reference to Roger Zullo by a customer of LPL Financial LLC alleging misrepresentation of commissions and fees, and an unsuitable annuity purchase in February 14, 2008 to December 12, 2016. Per the customer, he/she lost over $50,000 because of Mr. Zullo’s actions. On June 8, 2017, Mr. Zullo settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Zullo’s employer and/or insurance carrier.
In January 2017, a complaint was filed against or in reference to Roger Zullo by multiple customers of LPL Financial LLC alleging lack of disclosure, misrepresentation of commissions and fees, additional billing for hourly planning services, and an unsuitable annuity exchange in February 14, 2008 to December 12, 2006. On May 18, 2017, Mr. Zullo settled the claim for $27,000, and some or all of this amount may have been paid by Mr. Zullo’s employer and/or insurance carrier.
In January 2017, a complaint was filed against or in reference to Roger Zullo by a customer of LPL Financial LLC alleging misrepresentation of annuity and that lack of disclosure of rider has caused losses in retirement income. Per the customer, he/she lost over $95,165 because of Mr. Zullo’s actions. On April 28, 2017, Mr. Zullo settled the claim for $44,181, and some or all of this amount may have been paid by Mr. Zullo’s employer and/or insurance carrier.
In January 2017, a complaint was filed against or in reference to Roger Zullo by a customer of LPL Financial LLC alleging unsuitable VA purchase and excessive fees.
In December 2016, Massachusetts initiated a regulatory action against or in reference to Roger Zullo for allegedly fabricating the suitability profiles of numerous LPL clients, selling them scores of large, illiquid, unsuitable, high-commission variable annuities, at substantial upfront profits to himself and LPL, in violation of Sections 101, 102, and 204(a)(2)(G) of the Massachusetts Uniform Securities Act.
In December 2016, LPL Financial LLC terminated Roger Zullo for alleged fabrication of client suitability profiles and unsuitable recommendations of variable annuities, in violation of Sections 101, 102 and 204(a)(2)(G) of the Massachusetts Uniform Securities Act.
How To File A Claim Against Roger Zullo (previously with LPL Financial LLC, Park Avenue Securities LLC, and Guardian Investor Services Corporation) To Get Your Money Back.
If you have questions about Roger Zullo, LPL Financial 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.