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Beneficiary Seeks $1 Million in Damages in Dispute with Anthony Lofaso

Anthony Lofaso (CRD #: 711251), a broker registered with J.W. Cole Financial, is involved in a pending dispute, according to his BrokerCheck record, accessed on May 5, 2022. If you have questions about Anthony Lofaso’s conduct as a broker, keep reading.

Alleged Failure to Advise

In a dispute filed on March 21, 2022, a beneficiary of an insurance policy alleges Anthony Lofaso failed to advise her following the lapse of the policy and before the death of the insured.

The beneficiary alleges Anthony Lofaso failed to advise her about her rights and possible ways to have the insurance policy reinstated. She seeks $1,000,000 in this pending dispute.

What is Broker Negligence?

Broker negligence comes in many forms. Failure to fully inform clients of their options, misrepresentation of investments, or even unauthorized trading can all qualify as negligence.

Investors may be able to recover losses caused by negligence by seeking out FINRA arbitration.

Background Information

Anthony Lofaso has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 1 – Registered Representative Examination

Anthony Lofaso is a registered broker in California, Florida, Iowa, and North Carolina. He is also a registered investment adviser in Florida.

In the past, he has also worked for the following firms:

  • AXA Advisors (CRD#:6627)
  • The Equitable Life Assurance Society of the United States (CRD#:4039)
  • Pebsco Securities (CRD#:7110)

Kurta Law Can Help

If you worked with Anthony Lofaso and you have concerns about your investments, please contact us today at 877-600-0098 or 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.