Diana Palmieri: $99K Complaint Against Vanderbilt Advisor

Woodbury, New York financial advisor Diana Palmieri (CRD# 2889428) recently received an investor complaint alleging that she recommended unsuitable non-traded REITs and BDCs. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with Vanderbilt Securities and Vanderbilt Advisory Services, respectively.

Ms. Palmieri’s BrokerCheck report discloses one investor complaint. Filed in February 2024, it alleges that as a representative of Vanderbilt Securities, she recommended unsuitable and illiquid non-traded real estate investment trusts and business development corporations. The pending complaint alleges damages of $99,000.

In 2019, Vanderbilt Securities published a profile of Ms. Palmieri in which she describes her work with firemen and policemen. “We talk estate planning, pensions, insurance planning, options, college planning and many other topics important to their future and their family’s future,” she explained. “Retirement planning is not one size fits all. I can gather information in our first meeting to get a gauge on their needs. I never push. I give them options and let them make the choices based on what we discussed. I empower them with the information they need to make decisions.”

According to the Financial Industry Regulatory Authority, Diana Palmieri holds 16 years of securities industry experience. Based in Woodbury, New York, she has been a broker with Vanderbilt Securities since 2009 and an investment advisor with Vanderbilt Advisory Services since 2021. Her registration history includes Grove Point Investments (Rockville, Maryland; 2023 and Woodbury, New York; 2010-2021) and H. Beck (Hauppage, New York; 2007-2009). Her credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in Arizona, California, Connecticut, Florida, Kentucky, Montana, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Utah, Vermont, and Virginia. (Information current as of March 5, 2024.)

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