Joseph T. Pappalardo Reportedly Banned for Misleading Representations of Coast2 Coast

New Orleans investment fraud attorneyJoseph T. Pappalardo, formerly of Financial Network Investment Corp (now Cetera Advisor Networks LLC), made fraudulent and misleading representations to customers regarding the sale of  private securities, a FINRA Letter of Acceptance, Waiver and Consent (AWC) alleges. Between August 2008 and August 2012, the AWC further alleges, Pappalardo failed to divulge to his then employer Financial Network that he was conducting outside business activity with Coast-2-Coast Properties (C2C) and Prosperity Financial Estate Planning and Insurance Services, and was even soliciting their business away from Financial Network.

Joseph T. Pappalardo Allegedly Lied on Pre-Registration Questionnaire

In 2010 Pappalardo was required to complete a ‘Pre-Registration Questionnaire’, according to the AWC, and was also made to fill in an ‘Outside Business Activity Disclosure’. In 2008, Pappalardo also disclosed on his Pre-Registration Questionnaire that he had previously been involved in C2C, a real estate company he formed in 2003 which bought, renovated, and sold houses, but that the company was no longer in business; this, however, was false, the AWC notes. In reality, the AWC reports, Pappalardo was involved in several outside business activities that he failed to disclose to Financial Network, from August 2008 and August 2012, including his ongoing involvement in C2C and C2C’s ‘marketing arm’ called ‘Prosperity Financial Estate Planning and Insurance Services’. Without receiving permission from Network Financial, Pappalardo reportedly solicited firm customers to invest in these business ventures, and the FINRA further alleges that Pappalardo made false and misleading statements, and converted funds for his personal use. Finally, FINRA states that “Pappalardo repeatedly failed to provide notice of five other outside business activities, including United First Financial, Euergeteo Ministries, Plethuna Investments, Triumphant Ministries, and CLA-USA.” As a result of his actions, the AWC notes, Pappalardo violated several FINRA Rules, and received a permanent bar from the securities industry.

Investment Fraud Lawyers Investigating

The Peiffer Rosca Wolf securities attorneys often represent investors who lose money as a result of investment fraud or stockbroker misconduct, and are currently investigating the possibility of assisting victims of Pappalardo with the recovery of their losses. 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 investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Joseph T. Pappalardo

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1169 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.