Angelo Piccone Resigns from IBN Financial Services

Angelo Piccone (CRD #: 1401761), a broker formerly registered with IBN Financial Services, resigned from that firm following allegations of misconduct, according to his BrokerCheck record, accessed on December 5, 2024. Keep reading if you want to know more about his alleged conduct as a broker.

Resignation from IBN Financial Services

On November 15, 2024, Angelo Piccone was permitted to resign from IBN Financial Services following allegations that he violated industry rules and regulations.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Investor Dispute

On February 20, 2023, an investor filed a dispute alleging Angelo Piccone facilitated an investment that was unsuitable given the client’s risk profile. The investor sought $90,000 in damages and received a settlement of $63,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe characteristics such as their age, investing experience, tax status, and financial goals.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Angelo Piccone has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Direct Participation Programs Representative Examination – Series 22
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

• IBN Financial Services (CRD#:42360)
• Ensemble Financial Services (CRD#:17443)
• Next Financial Group (CRD#:46214)
• MetLife Securities (CRD#:14251)
• Metropolitan Life Insurance Company (CRD#:4095)
• Securities America (CRD#:10205)
• Nathan & Lewis Securities (CRD#:8503)
• LifeMark Securities Corporation (CRD#:16204)
• Hornor, Townsend & Kent (CRD#:4031)
• Berkshire Equity Sales (CRD#:87)
• Equity Services (CRD#:265)
• Mony Securities Corporation (CRD#:4386)

Kurta Law Can Help

If you worked with Angelo Piccone and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.