Former Supervisor Barred by FINRA

Posted on October 19th, 2014 at 6:56 PM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Joseph Thomas Pappalardo was registered with FNIC from August 2008 to September 2012.  During the time that he served in a supervising capacity and, unfortunately, also was involved with Coast 2 Coast Properties, a real estate company he formed in 2003.

Pappalardo solicited investors from his current firm to invest in his real estate company without FNIC's knowledge. This practice commonly is referred to as "selling away." FINRA alleged that Pappalardo made false and misleading statements and also used investor funds for his own personal use. In addition, Pappalardo repeatedly failed to provide notice of five other outside business activities.

Pappalardo has been barred from the industry by FINRA.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston


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