August Consiglio Allegedly Executed Unauthorized Liquidation

August Consiglio (CRD #: 1516553), a broker registered with Kestra Investment Services, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on February 21, 2023. Investors may have also worked with him through Kestra Advisory Services. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

On January 3, 2023, an investor alleged that August Consiglio executed an unauthorized liquidation of her deceased husband’s accounts. This dispute was denied by the firm.

However, investors should be aware that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration after a denial and may be able to recover their funds.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

Background Information

August Consiglio has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

August Consiglio is a registered broker in Colorado, Florida, Indiana, Maryland, and Pennsylvania. He is also a registered investment adviser in Pennsylvania.

He has also worked for the following firms:

• NFP Advisor Services (CRD#:42046)
• APB Financial Group (CRD#:111284)
• Fortis Investors (CRD#:421)
• MML Investors Services (CRD#:10409)
• Cigna Securities (CRD#:145)
• Allegheny Investments (CRD#:7597)

Kurta Law Can Help

If you worked with August Consiglio 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 and 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.