NEW YORK, NY

Have you lost money with financial advisor John S. Cangialosi of New York, New York?  We are looking into allegations made against John Cangialosi.  FINRA, the Financial Industry Regulatory Authority, suspended John Cangialosi from the securities industry for nine months, fined him $7,500, and ordered him to disgorge $271,000 in commissions.  FINRA alleged that Cangialosi excessively traded or churned three customer accounts while affiliated with Worden Capital Management and Legend Securities.

John Cangialosi was a representative of Worden Capital Management from November 2016 to December 2019.  He was also with SW Financial from December 2019 to August 2021.  He worked at a branch office in New York, New York.  Cangialosi has also been the subject of seven customer complaints and two other regulatory investigations.

Brokerage firms like Worden Capital 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; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York.  Our attorneys have represented over one thousand investors against many firms in the past.

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If you lost money with John Cangialosi or Worden Capital Management, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.