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Joseph DeNicola: Moors & Cabot Rep Sanctioned by Massachusetts Securities Division

Joseph DeNicola

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 17, 2019 indicate that Massachusetts-based Moors & Cabot broker Joseph DeNicola has received customer complaints and a regulatory sanction in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. DeNicola (CRD# 1392893).

Joseph DeNicola has spent 33 years in the securities industry and has been registered with Moors & Cabot in Boston, Massachusetts since April 2019. Previous registrations include Morgan Stanley in Boston, Massachusetts (2009-2019); Citigroup Global Markets in Boston, Massachusetts (2006-2009); Legg Mason Wood Walker in Baltimore, Maryland (1988-2006); Donaldson Lufkin & Jenrette Securities Corporation (1988); and Dean Witter Reynolds (1985-1988). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 19, 1985; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; and Series 7 (General Securities Representative Examination), which he obtained on August 17, 1985. He is a registered broker with eleven US states and territories: Arizona, California, the District of Columbia, Florida, Kentucky, Louisiana, Massachusetts, Nevada, New Jersey, Pennsylvania, and Rhode Island.

According to his BrokerCheck report, he has received three customer complaints and one regulatory sanction.

In May 2019 the Massachusetts Securities Division sanctioned him in connection to allegations he was terminated from a prior member firm as a result of “concerns about an email [he] send to co-workers.” He was placed on a three-year period of heightened supervision.

In 2008 a customer alleged Joseph DeNicola, while employed at Citigroup Global Markets, recommended an investment that violated blue sky law. The complaint settled for $36,000.

In 2007 a customer alleged Joseph DeNicola, while employed at Citigroup Global Markets, breached his fiduciary duty, committed fraud, acted negligently, and misrepresented material facts. The complaint resulted in an award to the customer of $44,865.

In 1989 a customer alleged Joseph DeNicola, while employed at Citigroup Global Markets, made unsuitable investments following the liquidation of a unit trust. The complaint settled for $16,000.

If you or someone you know has a complaint regarding Joseph DeNicola, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.