Indianapolis financial advisor Steve Haskell (CRD# 6864948) recently received an investor complaint alleging his advice resulted in six-figure damages. Financial...Read More
Kapolei Advisor Joe Appolito Receives Suitability Complaint
Commonwealth Financial Network advisor Joe Appolito (CRD# 6698) recently received an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Kapolei, Hawaii. He was formerly affiliated with firms including Ameriprise Financial Services and United Planners’ Financial Services of America.
Mr. Appolito’s BrokerCheck report discloses one investor complaint. Filed in August 2022, it alleges that as a representative of United Planners’ Financial Services of America, he breached his fiduciary duty, recommended unsuitable investments, made misrepresentations and omissions of material facts, breached contract, violated California securities law, and violated FINRA rules in connection with real estate securities. The pending complaint alleges damages of $300,000.
According to the Financial Industry Regulatory Authority, Joe Appolito holds 50 years of securities industry experience. Based in Kapolei, Hawaii, he has been a broker and an investment advisor with Commonwealth Financial Network since 2018. His past registrations include Ameriprise Financial Services (Honolulu, Hawaii; 2013-2018), United Planners’ Financial Services of America (Rancho Mirage, California; 2009-2013), Associated Securities Corporation (Palm Desert, California; 2003-2009), Wachovia Securities Financial Network (St. Louis, Missouri; 2001-2003), London Pacific Securities (Sacramento, California; 1994-2001), American General Securities (Phoenix, Arizona; 1988-1994), First Affiliated Securities (1983-1988), Financial Planners Equity Corporation (1979-1983), University Securities Corporation (1973-1978), and Ralph S. Wilford Company (1971-1973). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 00; the Financial Principal Examination, or F04; the Registered Representative Examination, or Series 1; 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. He is licensed in Arizona, California, Colorado, Florida, Hawaii, Nevada, New Mexico, North Carolina, Oregon, Pennsylvania, and Texas. (Information current as of September 21, 2022.)
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