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Joseph Anthony Alagna Jr with Joseph Gunnar & Co. LLC Has 2 Customer Complaints for Alleged Broker Misconduct in the Past Year

Who is Joseph A. Alagna Jr with Joseph Gunnar & Co. LLC?

Joseph Alagna (CRD #1840339) who is currently registered with Joseph Gunnar & Co. LLC and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations.  

Prior to Joseph Gunnar & Co. LLC, Joseph Alagna was associated with 2 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Joseph Gunnar & Co. LLC Broker Misconduct

In his career, Joseph Alagna has been the subject of 4 customer complaints that we know about, to of those complaints were filed in the last year to recover investment losses. Two of Joseph Alagna’s customer complaints resulted in arbitration awards in favor of investors.

There are currently 2 pending customer complaints filed against Joseph Alagna’s current employer Joseph Gunnar & Co. LLC for investment losses caused by his alleged misconduct in failing to supervise brokers that sold private placement investments.

Allegations Against Joseph Alagna

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The customer alleged that Joseph Alagna failed to reasonably supervise a broker that sold them private placements in 3 funds.
  • The claimant alleged that the financial advisor failed to supervise brokers who sold a private placement in a fund to purchase an interest in the company that declared bankruptcy.
  • In one of the cases that went to arbitration and resulted in an arbitration award, the allegations were unauthorized trading, churning, unsuitability, over-concentration of investments, breach of fiduciary duty, securities fraud, violation of the Maryland securities laws, breach of contract, violation of FINRA rules, unjust enrichment and negligence.
  • The claimant and the other arbitration and went to the hearing and resulted in an arbitration award, the allegations were misrepresentation, churning, and breach of fiduciary duty.

Joseph Alagna Red Flags & Your Rights as An Investor

Of course, Joseph Alagna did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Joseph Alagna at Joseph Gunnar & Co. LLC on alert to review carefully the activity and performance of their accounts and question whether Joseph Alagna has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Joseph Gunnar & Co. LLC also raises questions about supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses At Joseph Gunnar & Co. LLC

If you have questions about Joseph Gunnar & Co. LLC and/or Joseph Alagna and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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