Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 13, 2019 indicate that New York-based Park Avenue Securities broker/adviser Thomas Ferrara has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ferrara (CRD# 1634107).
Thomas Ferrara has spent 31 years in the securities industry and has been registered with Park Avenue Securities in Pound Ridge, New York since 1999. He was previously registered with Guardian Investor Services in New York, New York (1987-1999). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 7, 1997; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 13, 1987; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on January 15, 1997; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on April 13, 1987; and Series 24 (General Securities Principal Examination), which he obtained on May 29, 2001. He is a registered broker and investment adviser with 29 US states and territories.
According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.
In February 2018 a customer alleged Thomas Ferrara, while employed at Park Avenue Securities, misrepresented material facts regarding three variable annuities. The customer is seeking $150,000 to $200,000 in damages in the pending complaint.
In 2010 a customer alleged Thomas Ferrara, while employed at Guardian Investor Services and Park Avenue Securities, breached his fiduciary duty, violated FINRA rules, breached contract, acted negligently, and violated the Florida Securities Act. The complaint resulted in an award to the customer of $300,000.
If you or someone you know has a complaint regarding Thomas Ferrara, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.