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Joe Natoli: New York Fines Park Avenue Securities Advisor
New York City financial advisor Joe Natoli (CRD# 5364851) was recently sanctioned by the New York State Department of Financial Services in connection with alleged misconduct. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Park Avenue Securities.
Mr. Natoli’s BrokerCheck report discloses the recent sanction against him. Filed in October 2023, the disclosure states that he admitted “that he provided materially incorrect and untrue information” in three life insurance applications submitted to the Department. The findings go on to state that the materially incorrect or untrue information constituted a failure to disclose “that he was convicted of a misdemeanor in Greenville County, South Carolina, on or about August 2, 2001.” In connection with these findings, he was issued a fine of $2,250.
A second disclosure on Mr. Natoli’s BrokerCheck report concerns an investor complaint against him. Filed in 2015, the complaint alleged that as a representative of NYLife Securities, Mr. Natoli submitted whole life insurance documents “with the customer’s purported signature” even though the customer “never signed a delivery receipt or illustration” associated with the purchase. The complaint reached a settlement of $6,233.04.
National Financial Services, which offers securities through Park Avenue Securities, includes a profile of Mr. Natoli on its website. “Joe has been in the Financial Services industry for over 10 years with experience assisting business owners with succession planning, individuals, and families with personal planning,” the profile states. “Now, Joe has a focus on developing relationships with Estate Attorneys to assist clients with asset protection, business succession, and elder care planning.”
According to the Financial Industry Regulatory Authority, Joe Natoli holds 12 years of securities industry experience. Based in New York, New York, he has been a broker and an investment advisor with Park Avenue Securities since 2017 and 2023, respectively. His registration history includes MML Investors Services (Woodhaven, New York; 2015-2017) and NYLife Securities (New York, New York; 2011-2015). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Connecticut, Florida, New Jersey, and New York. (Information current as of December 5, 2023.)
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