Our firm is investigating J.P. Morgan Securities LLC financial advisor Nicholas Gianascoli (CRD# 6805515) of Naples, Florida for potential investment-related misconduct.
Financial Advisor’s Career History
Based on his FINRA registration history, Nicholas Gianascoli has been registered with J.P. Morgan Securities LLC (since 06/06/2023) and was previously registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated (broker registration 12/2019–05/2023; investment adviser registration 02/2020–05/2023). His listed branch office locations include addresses in Naples, Florida.
Nicholas Gianascoli Fraud Allegations and Investor Complaints Explained
FINRA Customer Complaint Alleging Unsuitable Investment Recommendation
FINRA BrokerCheck reflects one customer dispute reported as Closed/No Action / Withdrawn / Dismissed / Denied, with the status shown as Denied. The customer alleges an unsuitable investment recommendation, with activity dates listed as 05/29/2024–07/15/2024. The reported alleged damages are $60,000.00. The disclosure indicates the complaint was received on 12/19/2025, was not pending, and reflects a status date of 01/16/2026. The product type is listed as “No Product.”
Disclosures at a Glance
- Customer Dispute (Denied)
- Allegation: Unsuitable investment recommendation
- Activity Dates: 05/29/2024–07/15/2024
- Product Type: No Product
- Alleged Damages: $60,000.00
- Complaint Received: 12/19/2025
- Status: Denied (Status date: 01/16/2026)
To obtain a copy of Nicholas Gianascoli’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is central to allegations of unsuitable recommendations. In plain terms, the rule requires that a broker have a reasonable basis to believe a recommendation is suitable for a particular customer based on that customer’s investment profile. Where a customer alleges an unsuitable recommendation during the listed activity period, suitability analysis focuses on whether the recommendation reasonably matched the customer’s stated objectives and constraints—and whether the broker’s documentation supports the rationale for the advice.
FINRA Rule 2090 (Know Your Customer) requires firms and brokers to use reasonable diligence to understand the essential facts concerning each customer. In the context of an alleged unsuitable recommendation, Rule 2090 can be implicated if the customer’s essential facts (such as risk tolerance, investment goals, liquidity needs, or time horizon) were not adequately gathered, updated, or reflected in the account’s profile—because incomplete or inaccurate KYC inputs can drive unsuitable advice.
FINRA Rule 3110 (Supervision) requires brokerage firms to establish and maintain a supervisory system reasonably designed to achieve compliance with FINRA rules and securities laws. When a customer complains that an investment recommendation was unsuitable, supervisory issues can include whether the firm had controls to flag recommendations inconsistent with a customer’s profile, whether supervisors meaningfully reviewed recommendations and concentrations, and whether escalation procedures were followed when concerns surfaced.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.