Christopher B. Ariola— Unsuitable Recommendations
Christopher B. Ariola Allegedly Recommended Unsuitable Gold and Energy Stock Recommendations to Elderly Clients with a Purportedly Low Risk Tolerance
Christopher B. Ariola allegedly recommended unsuitable gold and energy stock recommendations to elderly clients with a purportedly low risk tolerance, and in contradiction to their investment objectives and financial situation, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Joe Peiffer and James Booker.
Christopher B. Ariola, from late December 2011 through July 2012 and while registered with Bay Mutual Financial, LLC, allegedly led the aforementioned clients to have accounts being unduly concentrated in gold and energy stocks.
The Peiffer Wolf securities lawyers are currently investigating Christopher B. Ariola’s alleged unsuitable recommendations to clients.
Christopher B. Ariola Also Allegedly Made Comparable Unsuitable Recommendations with Respect to a Former Bay Mutual Financial Customer’s TD Ameritrade Retirement Account
Christopher B. Ariola, also from late December 2011 through July 2012, made comparable unsuitable recommendations with regards to a former Bay Mutual customer’s TD Ameritrade retirement account controlled on Ariola’s behalf, according to the aforementioned Complaint being examined by attorneys Joe Peiffer and James Booker.
As a byproduct of the alleged unsuitable recommendations, the aforementioned customers allegedly suffered losses totaling approximately $140,000, the Complaint notes.
As a result of the aforementioned behavior, Ariola allegedly violated NASD and FINRA Rules, the Complaint reports.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged unsuitable recommendations to customers and are currently investigating Christopher B. Ariola’s alleged unsuitable recommendations to elderly customers. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Christopher B. Ariola’s alleged unsuitable recommendations to customers may contact the securities lawyers of Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 585-310-5140