Toni Iannarelli Allegedly Recommended Unsuitable Investments

Toni Iannarelli (CRD #: 1193641), a broker registered with Western International Securities, is facing allegations that she violated FINRA rules, according to her BrokerCheck record. Keep reading if you have concerns about her conduct as a broker. 

On May 1, 2023, an investor alleged that Toni Iannarelli allegedly recommended unsuitable investments. 

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. 

Some common violations of this rule include:

• Recommendations of high-risk or illiquid investments. These investments may lead to losses or high fees for the investor.
• Excessive trading, which violates the need for quantitative suitability. This means that overall trading activity must also suit an investor’s goals.
• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 also violate FINRA Rule 2010. 

Background Information 

Toni Iannarelli has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

She is a registered broker in five states and is a registered investment adviser in California. 

Toni Iannarelli has registered with the following firms: 

• Western International Securities (CRD #: 39262) 
• MidAmerica Financial Services (CRD #: 47351) 
• Monticello Investment Services (CRD #: 140851) 
• Ameritas Investment Corp (CRD #: 14869) 
• New England Securities (CRD #: 615) 
• The Advisors Group (CRD #: 14035) 
• 1717 Capital Management Company (CRD #: 4082) 
• MetLife Securities (CRD #: 14251) 
• Metropolitan Life Insurance Company (CRD #: 4095) 
• MetLife Securities (CRD #: 14251) 

Kurta Law Can Help

If you worked with Toni Iannarelli 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.