Christopher Fagiolo Allegedly Recommended an Unsuitable Investment

Christopher Fagiolo (CRD #: 4943954), a broker registered with American Global Wealth Management, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 2, 2023. Keep reading if you have questions. 

On October 2, 2023, an investor alleged that Christopher Fagiolo recommended an unsuitable product. He also allegedly failed to perform his due diligence and allegedly engaged in misrepresentation and omission. 

The investor is seeking $100,000. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk. 

Background Information 

Christopher Fagiolo has passed the following exams:

• Series 66 – Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 12 states and is a registered investment adviser in nine states. 

During his 17 years of experience, he has registered with ten firms: 

• American Global Wealth Management (CRD #: 7388) 
• Cape Investment Advisory (CRD #: 146384) 
• Cape Securities (CRD #: 7072) 
• Securities Service Network (CRD #: 13318) 
• SSN Advisory (CRD #: 126090) 
• Medallion Advisory Services (CRD #: 113788)
• Medallion Investment Services (CRD #: 45314)  
• LPL Financial Corporation (CRD #: 6413) 
• UVest Financial Services (CRD #: 13787) 
• State Farm VP Management (CRD #: 43036) 

Kurta Law Can Help

If you worked with Christopher Fagiolo and 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 for 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.