Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
Carlson Law, P.A. Motto
  • Free Consultation
  • ~

Jon Paul Cirelli: Concorde Broker Has $2.5 Million Complaint

Jupiter, Florida-based broker and investment adviser Jon Paul Cirelli (CRD# 4729737) has received a pending customer complaint alleging his actions led to losses of $2.5 million, as well as other customer complaints. According to records provided by the Financial Industry Regulatory Authority (FINRA) Cirelli is currently a registered representative of Concorde Investment Services.

Jon Paul Cirelli’s FINRA-maintained BrokerCheck report lists a total of one settled customer complaint and two pending customer complaints against him, as well as two complaints that were closed with no action taken.

A complaint filed in March 2021 alleges that as a representative of Concorde Investment Services, Jon Paul Cirelli acted negligently, breached his fiduciary duty to act in the investor’s best interests, and made unsuitable investment recommendations from July 2015 until April 2017; the pending complaint alleges damages of $2.5 million.

Another March 2021 complaint alleges that as a representative of Concorde Investment Services, Jon Paul Cirelli acted negligently, breached contract, violated the Uniform Securities Act of Michigan, and breached his fiduciary duty in connection to limited partnership investments made in March 2016 and December 2016; the complaint alleges unspecified damages believed to be in excess of $5,000.

A complaint filed in October 2020 alleged that as a Concorde representative, he misrepresented material facts concerning a private placement investment made in August 2016. The complaint reached a settlement of $12,500.

A complaint filed in November 2020 alleged that as a Concorde representative, he recommended unsuitable investments; the complaint was closed with no action taken. A complaint filed in 2008 alleged that as a representative of Gunnallen Financial, he executed unauthorized transactions; the complaint was closed with no action taken.

According to the Financial Industry Regulatory Authority, Jon Paul Cirelli has been registered with Concorde Investment Services in Jupiter, Florida since 2015. Before that he was registered with JP Turner & Company in Port Jefferson, New York and with Gunnallen Financial in Port Jefferson, New York. He has passed four securities industry examinations: the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; and the Securities Industry Essentials Examination, or SIE. (Information current as of June 6, 2021.)

Facebook Twitter LinkedIn

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Latest Blog Posts

Brian Marston: $1.7MM Real Estate Complaint Against Woodbury Rep

Greenwood Village, Colorado stockbroker and investment adviser Brian Marston (CRD# 733083) is involved in pending investor disputes. According to the Financial Industry Regulatory Authority, Marston is currently a representative of...

Read More

$3MM Complaint Against Elm Grove Rep Timothy Bartelt

Raymond James stockbroker Timothy Bartelt (CRD# 2501532) is the subject of an investor complaint alleging $3 million in damages. According to the Financial Industry Regulatory Authority, Bartelt is based in...

Read More

Michael Shillin: SEC Files SpaceX Charges Against Ex-AGP Rep

Former Altoona stockbroker and investment adviser Michael Shillin (CRD# 5927156) has been named in charges by the Securities and Exchange Commission alleging he deceived his investors. According to the Financial...

Read More

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation