Christopher B. Ariola— Unsuitable Recommendations

Rochester stockbroker fraud attorneyChristopher 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 Alan Rosca 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 Rosca 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 Alan Rosca 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 Rosca 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 Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1123 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.