Lifemark Securities Corp. broker Richard Pascale (CRD# 3221955) regarding corporate debt losses. He has been registered with Lifemark Securities Corp. in Massapequa Park, New York, since 2005.
Richard Pascale Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2024. “Allegations pertain to an investment in an alternative product, intended to be a small component of a larger diversified portfolio. Investments were purchased from 09/2019 to 02/2020. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. As a result, allegations include negligence, breach of fiduciary duty, failure to adhere to Best Interest obligation.” The customer is seeking $340,000 in damages, and the case is currently pending. The complaint was regarding corporate debt.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Lifemark Securities Corp. may be liable for investment or other losses suffered by Richard Pascale’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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