Tobias Paul Cardone Jr (CRD #1149957) Has a Customer Dispute Disclosure on FINRA BrokerCheck
Tobias Paul Cardone Jr (CRD #1149957) has been the subject of disclosure events, which have recently been reported on his FINRA BrokerCheck Report. According to Tobias Paul Cardone Jr’s FINRA BrokerCheck report accessed on January 19, 2026, Tobias Paul Cardone Jr has been the subject of one customer dispute. If you invested with Tobias Paul Cardone Jr and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Investor Disputes / Customer Complaints
Tobias Cardone’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below: :
On November 20, 2025, a customer alleged that Tobias Cardone changed the policy term from 20 years to 10 years for a life insurance application, which was not authorized by the insured. The product type listed on the disclosure is Insurance, and the alleged damages are $0.00. The disclosure reflects the matter was denied on December 16, 2025.
Rule summary #1: FINRA Rule 2010
FINRA Rule 2010 is a broad, principles-based rule requiring members and associated persons to observe high standards of commercial honor and just and equitable principles of trade. FINRA frequently cites Rule 2010 in matters involving dishonest or unethical conduct.
Rule summary #2: FINRA Rule 4511 (Books and Records)
FINRA Rule 4511 (Books and Records) requires firms to make and preserve books and records as required under FINRA rules, the Securities Exchange Act, and applicable SEC rules. Accurate recordkeeping helps support transparency and allows firms and regulators to review customer documentation and communications when disputes arise.
Why this Matters to Investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.
Reg BI is built around four key obligations:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
- Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
- Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
- Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.
Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.
Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background Information (from BrokerCheck)
Based on his BrokerCheck Report, Tobias Cardone Jr:
Is currently registered with Voya Financial Advisors, Inc..
Has passed the Securities Industry Essentials (SIE), Series 2, and Series 63 exams.
Was previously registered with firms that include ING Financial Advisers, LLC and Aetna Life Insurance and Annuity Company.
Kurta Law Can Help
If you have worked with Tobias Paul Cardone Jr and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
Helpful resources: Securities Attorney | Stockbroker Fraud
For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable—because investors should not have to sit quietly while alleged misconduct and securities fraud go unchecked. Start your recovery process today.