
Stoltmann Law Offices is investigating Philip Pizelo, a former broker with Pacific West. Pizelo is not currently licensed to act as a broker. Pizelo served as Chief Executive Officer of Pacific West and is accused of approving and supervising the sale of a private placement without adequately evaluating its risks. For this, the Financial Industry Regulatory Authority (FINRA) fined him $20,000 and suspended him from acting as principal. Private placements are securities that are sold that are not registered securities with a brokerage firm. Oftentimes, they are unsuitable for clients, and selling private placements is against securities rules and regulations. Pizelo was also accused of breaching fiduciary duty, misrepresenting material facts, committing common law fraud, and violating state and federal securities laws, among other allegations.
Pizelo was registered with Dain Bosworth Inc., Quest Capital Strategies, Inc., Metropolitan Investment Securities, Great Northern Financial Securities and Pacific West Securities in Renton, Washington from June 2002 until June 2012. He is not currently licensed or registered with any FINRA member firm. He has eight customer disputes against him, all of which are pending. If you invested money with Philip Pizelo, his former firm, Pacific West, may be liable for investment losses. Please call us at 312-332-4200 to speak with an attorney about your options. The call is free with no obligation. We take cases on a contingency fee basis.
Disclaimer
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.