Marco Fragnito of Laguna Hills California a stockbroker formerly employed by Wells Fargo Advisors Financial Network LLC has been discharged by the firm on February 2, 2018 founded on allegations that Fragnito executed trades in the accounts of Wells Fargo customers on a discretionary basis when this type of trading was not authorized by the firm.

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer initiated investment related arbitration claim regarding Fragnito’s activities was settled for $1,200,000.00 in damages based upon accusations that between 2006 and 2016, when Fragnito was employed by Raymond James Associates Inc. and Wells Fargo Advisors: unauthorized trades were effected in the customer’s account; the customer had been placed into bad over-the-counter equities; contractual and fiduciary duties which were owed to the customer had been violated; and the customer’s account was poorly administered. FINRA Arbitration No. 16-02310 (July 20, 2017).

Fragnito has been registered with Cutter Company Inc. since February 2, 2018.

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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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