Albert Lewis DeGaetano of Independence Ohio a stockbroker formerly registered with Edward Jones has been discharged by the securities broker dealer on January 25, 2019 based upon allegations that (1) transactions had been executed by DeGaetano in Edward Jones customer accounts without their knowledge or consent and (2) mutual fund and exchange traded funds trades placed in customer accounts by DeGaetano were not uitable or appropriate as they failed to comport with the customers’ investment objectives.

FINRA Public Disclosure additionally reveals that DeGaetano is the subject of at least one dispute from a customer of his at Edward Jones. The dispute contains accusations consistent with those set forth by Edward Jones as justification for terminating the stockbroker. Specifically, on April 30, 2019, a customer initiated investment related complaint involving DeGaetano’s activities was resolved for $120,000.00 in damages supported by allegations that unauthorized purchases and sales of common or preferred stock had been executed by the stockbroker; the customer was charged unwarranted commissions; and the customer’s investment instructions of liquidating assets had been disregarded, preventing the customer from receiving requested funds.

Since September 23, 2019, DeGaetano has been employed by Cabot Lodge Securities LLC.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

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