Paul Petrillo, formerly with Thrivent Investment Management, Barred from Securities Industry
Have you lost money with financial advisor Paul Petrillo of Volo, Illinois? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Paul W. Petrillo. FINRA barred Petrillo from the securities industry. FINRA was investigating Petrillo regarding allegations that he made trades in customers’ accounts outside of his brokerage firm, Thrivent Investment Management, without notifying Thrivent.
Paul Petrillo was a financial advisor and registered representative of Thrivent Investment Management from 1992 to April 2018. He worked at a branch office in Volo, Illinois.
Brokerage firms like Thrivent Investment Management have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Illinois and throughout the Chicago area. Attorney David Neuman is licensed to practice law in Illinois, he grew up in Addison, Illinois and also lived for many years in the Chicago area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.