Frank Mazzola and Felix Investments, LLC — Alleged Sales of Securities by an Unregistered Representative

Frank Mazzola Headed up Saddle River Advisors, an Entity which Allegedly Raised over $53 million from Investors in Pre-IPO Tech Firms; Mazzola Allegedly Sold Securities in an Unregistered Capacity

Frank Mazzola, of Upper Saddle River, N.J, has been charged with alleged participation in the sale of securities while being unregistered, according to an SEC Reports currently under review by attorneys Jason Kane and James Booker.

Peiffer Wolf Carr & Kane securities practice lawyers are investigating Frank Mazzola and Felix Investments, LLC’s alleged sales of securities by an unregistered broker.

Investors who believe they may have lost money in activity related to Frank Mazzola and Felix Investments, LLC’s alleged sales of securities by an unregistered broker are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.

Mazzola, from 2009 to 2014, was reportedly registered as a rep of Felix Investments, which was then subsequently banned from the securities industry by FINRA In August of 2014, the SEC reports.

What is more, Mazzola also allegedly served as the manager of Saddle River Advisors (SRA), an entity which purportedly advised pooled investment vehicles, the SEC notes. Mazzola was also reportedly the head of of SRA Management, which was purportedly the managing member and an adviser to aforementioned three pooled investment vehicles, the SEC reports.

SRA allegedly raised over $53 million from investors in early-to-late-stage, pre-IPO technology companies, the majority of which are based in the San Francisco Bay Area, according to the SEC’s Complaint.

Mazzola Barred by SEC

The SEC also alleges that Saddle River and SRA Management allegedly promised investors that their investment cash would be used only to buy shares in the specific pre-IPO companies they were interested in and to pay specific fees, according to the aforementioned SEC Reports under review by attorneys Jason Kane and James Booker.

In reality, however, Mazzola’s uncle allegedly diverted app $2.7 million in investor money to Mr. Mazzola and his wife, the SEC reports. Mazzola also allegedly was in continual association with Saddle River and Felix Investments and allegedly took part in the offer and sales of securities after he had been issued a three-year bar by the SEC in 2014 and a permanent bar issued by FINRA at that time, the SEC notes.

As a result of the aforementioned alleged behavior, Mazzola has been barred by the SEC, the SEC notes.

Securities Lawyers Investigating

The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Frank Mazzola and Felix Investments, LLC’s alleged sales of securities by an unregistered broker. 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 Frank Mazzola and Felix Investments, LLC’s alleged sales of securities by an unregistered broker may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

phil korosec (1249 Posts)


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.