New York Broker Paul Padovani Suspended by FINRA

New York broker and financial advisor Paul Padovani (CRD# 2688559) was suspended by FINRA (Financial Industry Regulatory Authority) for four months from associating with any FINRA firm in any capacity, for borrowing $75,000 from a customer. Padovani’s actions violated FINRA Rules 3240 and 2010. According to his Letter of Acceptance Waiver and Consent, Padovani repaid the loan but did not obtain approval prior to his taking the funds from his employer, Metlife Securities Inc. Padovani consented, without admitting or denying the allegations made against him by FINRA, to a four-month suspension in resolution of his disciplinary proceeding. The suspension is in effect from May18, 2015, through September 17, 2015.

Padovani began his employment with MetLife Securities in 2012.  He was previously employed by Morgan Stanley & Co. from 2009-2012, and Wachovia Securities LLC from 2003-2009.

If you invested money with Paul Padovani, Metlife Securities, Inc., Morgan Stanley, or Wachovia Securities and suffered losses, you may be entitled to recover some or all of those investment losses. Please call our securities law firm toll free at (800) 975-4345 to speak with an experienced attorney, and to find out how we may be able to help you to regain some or all of your losses. Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful in your lawsuit.