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Paul Magnani Involved in a Dispute Regarding a Certificate of Deposit 

Jul 27, 2023 Investor Disputes

Paul Magnani (CRD #: 7008954), a broker registered with Edward Jones, is facing an investor dispute alleging that he misrepresented a Certificate of Deposit. This is according to his BrokerCheck record, accessed on July 19, 2023. Keep reading if you have questions about his conduct as a broker. 

On May 26, 2023, an investor alleged that Paul Magnani did not explain the features of a Certificate Deposit, namely that the amount the investor could withdraw would be subject to current market value. 

FINRA Rule 2020 

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent means to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential returns, risks, or limitations.

Certificates of Deposit 

Brokered CDs are different from CDs issued by a bank. Investors should know that brokered CDs are securities and feature more risk than bank CDs. For instance, they may come with penalty fees for early withdrawal and the issuer may redeem CDs if the interest rates drop. 

Kurta Law Can Help

If you worked with Paul Magnani 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.