Staci Compagno: Ex-Allegis Advisor Involved in $2mm Complaint

A new investor complaint alleges that Provo financial advisor Staci Compagno (CRD# 2824392) engaged in conduct that resulted in seven-figure damages. Records provided by the Financial Industry Regulatory Authority and the Securities and Exchange Commission indicate that the former Allegis Investment Services representative is currently registered as an investment advisor with Townsquare Capital.

Ms. Compagno’s BrokerCheck report discloses two investor complaints. The most recent, filed in October 2022, alleges that as Chief Compliance Officer of Allegis Investment Services, she failed to supervise the unauthorized and “hidden” outside business activity of a representative who allegedly “placed assets into a fund that did not exist.” The pending complaint alleges damages of $2 million.

In a comment included with the pending complaint’s disclosure, Ms. Compagno pushes back against the allegations, writing: “Representative vehemently denies the allegations and intends to defend the case vigorously. The alleged conduct at issue was intentionally hidden from the firm.”

An earlier investor complaint, filed in 2016, alleged that she failed to supervise personnel while she was the Chief Compliance Officer of Allegis Investment Advisors. The complaint alleged damages of $400,000 and was withdrawn.

According to the the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Staci Compagno holds 21 years of securities industry experience. Based in Provo, Utah, she has been an investment advisor with Townsquare Capital since 2019. Her registration history includes DFPG Investments (Sandy, Utah; 2020-2022), Allegis Investment Services (South Jordan, Utah; 2014-2019), Cetera Advisor Networks (Cottonwood Heights, Utah; 2013-2014), AXA Advisors (Salt Lake City, Utah; 2010-2013), Insphere Securities (Salt Lake City, Utah; 2008-2010), and Zions Direct (Salt Lake City, Utah; 2001-2008). Her credentials include the passage of eight securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Uniform Combined State Law Examination, or Series 66; the Municipal Securities Principal Examination, or Series 53; the Uniform Securities Agent State Law Examination, or Series 63; the Compliance Officer Examination, or Series 14; the Municipal Securities Representative Examination, or Series 52TO; the General Securities Representative Examination, or Series 7; and the Securities Industry Essentials Examination, or SIE. She is licensed as an investment advisor in Utah. (Information current as of February 15, 2023.)

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