Published On: February 17, 2017

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Joseph Ambrosole was accused of executing five unauthorized trades in the account of a customer while associated with Meyers Associates. Ambrosole allegedly sold four securities owned by the customer on October 13, 2015 and used the proceeds from the sale to buy a Unit Investment Trust (UIT) on behalf of the customer. This was done without the customer’s authorization and is against securities rules. For this, Ambrosole was suspended from the industry for one month and fined $5,000.

Ambrosole was registered with Obsidian Financial Group in New York, New York from September 2011 until August 2012, Laidlaw & Company in Stamford, Connecticut from August 2012 until March 2013, Global Arena Capital in New York from March 2013 until April 2015, Joseph Stone Capital in New York from April 2015 until July 2015 and Meyers Associates in New York from August 2015 until September 2016. He is not currently registered with any member firm.

Stoltmann Law Offices is interested in speaking to those individuals who may have lost money with Joseph Ambrosole. We may be able to help you bring legal recourse against his former firm, Meyers Associates, in the FINRA arbitration forum on a contingency fee basis. Please call 312-332-4200 today for a free consultation with an attorney. There is no obligation.

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