National investment loss lawyers KlaymanToskes issues notice to customers of Matthew James Mangini (CRD# 6527545) following allegations that he participated in 11 unapproved private securities transactions totaling $644,000 while registered as a broker/financial advisor with PurePath Wealth Management and Crown Capital Securities. Mangini was suspended from acting as a broker for six months by FINRA and was hit with a $10,000 fine.
According to the SEC’s AdviserInfo, Matthew James Mangini was previously registered with Crown Capital Securities, doing business as an investment advisor with PurePath Wealth Management from 2018 to 2021 in Land O’ Lakes, FL.
Investors that suffered losses with Matthew Mangini may have recovery options. Contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss your legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
On April 24, 2023, Matthew James Mangini entered into a regulatory agreement known as a letter of Acceptance, Waive, and Consent (“AWC”) with FINRA’s Department of Enforcement.
According to the AWC, between January and July 2021, Mangini, in his capacity as an investment advisor, allegedly recommended investments in two private securities offerings of alternative investments through his investment advisory firm.
Mangini participated in 11 securities transactions through the investment advisory firm that raised $644,000 from nine investors, all of whom were Crown Capital customers.
Mangini did not provide Crown Capital with prior written notice of his participation in the sale of alternative investments through his investment advisory firm, and failed to obtain the firm’s written approval to sell those investments. Mangini’s conduct violated FINRA Rules 3280 and 2010.
FINRA Rule 3280 (Private Securities Transactions) defines a private securities transaction as “any securities transaction outside the regular course or scope of an associated person’s employment with a member.” FINRA Rule 2010 requires brokerage firms and their registered representatives to “observe high standards of commercial honor and just and equitable principles of trade.”
If you suffered investment losses with Matthew Mangini at Crown Capital and/or PurePath Wealth Management, you are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com to discuss legal options. Our firm offers legal services on a contingency basis, meaning we do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com