Our firm is investigating UBS Financial Services Inc. financial advisor and investment adviser Kenneth Anthony Angelo (CRD# 1373178) of Paramus, New Jersey for potential investment-related misconduct.
Financial Advisor’s Career History
Based on the BrokerCheck report you uploaded, Kenneth Anthony Angelo has worked in the securities industry for decades and has reported the following registration/employment history:
- UBS Financial Services Inc. (Financial Advisor) — 04/2009 to Present — Paramus, NJ
- Citigroup Global Markets Inc. — 11/2004 to 05/2009 — Paramus, NJ
- Morgan Stanley — 07/2002 to 11/2004 — Ridgewood, NJ
- Morgan Stanley DW Inc. — 04/1995 to 11/2004 — Purchase, NY
- Prudential Securities Incorporated — 03/1989 to 05/1995 — New York, NY
- Investors Associates, Inc. — 11/1985 to 03/1989 — Hackensack, NJ
He has also reported passing the Series 7 (11/16/1985), Series 63 (12/09/1986), and the SIE (10/01/2018).
Kenneth Anthony Angelo Fraud Allegations and Investor Complaints Explained
H3: Pending FINRA Arbitration (Docket No. 25-00876)
A customer dispute was filed 05/27/2025 and is currently pending in FINRA Arbitration (Docket/Case 25-00876). The claimant alleges unsuitable investment advice, including a heavy concentration in municipal bonds and a recommended margin loan. The time frame for the alleged conduct is listed as unspecified.
The damages information is reported as a range: $100,000–$500,000 (listed as an explanation/estimate rather than an exact figure). The product type is identified as Municipal Bonds.
H3: Additional Disclosure Notes Listed in the Report
The same matter is also described as having been “initially filed as civil litigation” and later evolving into arbitration. The report reflects no settlement and no payment at this stage because the matter is still pending.
Disclosure list (for quick reference):
- Customer Dispute (FINRA Arbitration) — Filed 05/27/2025 — Docket 25-00876 — Status: Pending — Allegations: unsuitable advice; heavy municipal bond concentration; recommended margin loan — Alleged damages: $100,000–$500,000 (estimated range) — Product: Municipal Bonds
To obtain a copy of Kenneth Anthony Angelo’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is central in cases alleging unsuitable advice because Rule 2111 requires that a recommendation fits the customer’s investment profile, and a “heavy concentration in municipal bonds” combined with a recommended margin loan can raise suitability concerns when the strategy increases risk beyond what the investor’s objectives, liquidity needs, or risk tolerance can support.
FINRA Rule 2090 (Know Your Customer) matters in disputes like this because the rule requires firms and associated persons to use reasonable diligence to understand essential facts about the customer, and concentration-and-leverage recommendations often turn on whether the advisor truly understood and documented the client’s time horizon, risk capacity, income needs, and ability to withstand losses before steering the account into a narrowly concentrated portfolio or borrowing strategy.
FINRA Rule 4210 (Margin Requirements) is relevant when a margin loan is recommended because margin introduces leverage and maintenance requirements, and Rule 4210’s framework reflects that margin can create forced-liquidation risk if market values decline; allegations involving a recommended margin loan frequently examine whether the investor was adequately informed about how quickly losses can accelerate and how margin calls can pressure a portfolio during volatility.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.