Stoltmann Law Offices continues to investigate Leon Vaccarelli, who was accused by the Securities and Exchange Commission (SEC) of fraudulently inducing elderly investors to invest with him, but instead spent the money on personal expenses. Allegedly, Vaccarelli solicited over $1 million in this scheme between September 2012 and 2017 when he ran a company called Lux Financial Services. In 2015, he was suspended by the Financial Industry Regulatory Authority (FINRA) for a month for allegations of unauthorized trading. According to his BrokerCheck report with FINRA, he was registered with IDS Life Insurance Company in Minneapolis, Minnesota from August 1999 until July 2006, Ameriprise Financial Services in Middlebury, Connecticut from August 1999 until May 2007, QA3 Financial Corp in Waterbury, Connecticut from May 2007 until February 2011 and The Investment Center in Waterbury from February 2011 until August 2017. He has two customer disputes against him and is currently not registered within the industry. Please call us today if you suffered losses with Mr. Vaccarelli. We may be able to help you bring a claim against The Investment Center in order to reclaim your losses on a contingency fee basis.
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