Paul Mauro, currently a broker associated with SagePoint Financial, Inc. of Massachusetts, has been the subject of nine customer disputes, two regulatory actions, and one criminal investigation over the course of his 42-year career.
The Sonn Law Group is investigating claims that Paul Mauro recommended unsuitable investments to clients. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.
According to his BrokerCheck report, Paul Mauro has been the subject of numerous disclosures since becoming a registered broker. As a result of the disclosures, the State of Massachusetts Securities Division placed conditions on Mauro’s registrations in the state and required him to be under heightened supervision by his firm for a period of five years. The state’s allegations included findings that Mauro had been the subject of nine customer complaints alleging, inter alia, making guarantees on variable products, making misrepresentations of tax consequences, failure to provide information on surrender charges, failing to deliver a prospectus, and delaying the delivery of an insurance policy. Of the nine complaints, six were either denied or dismissed.
In December 2018, a customer complaint alleged that Mauro recommended that a variable annuity be purchased that was unsuitable. The customer alleged over $6,000 in damages. This claim was denied by Mauro’s firm.
In June 2017, a customer complaint alleged that Mauro made unsuitable investment recommendations and sought $86,000 in damages. This claim was denied.
Prior to his employment at SagePoint that started in 2017, Mauro worked at SII Investments from 2007 to 2017, Legacy Financial Services from 1999 to 2007, and Intersecurities, Inc. from 1999 to 1995.
Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional recommended that you invest in unsuitable investments, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.