According to the SEC, Frank Mazzola and the brokerage firm Felix Investments Inc will pay $500,000 to settle charges with the Securities and Exchange Commission. In 2012, Mazzola and Felix allegedly defrauded investors in funds created to purchase shares in technology companies, such as Facebook, prior to their initial public offering.
In addition, the SEC’s complaint alleges that Mazzola and Felix Investments arranged to be paid secret commissions and purportedly made misrepresentations to investors concerning some of the technology companies. Without admitting or denying the allegations, Mazzola and Felix Investments consented to the SEC’s findings, which included the half-million dollar penalty and permanently bars Mazzola from working in the securities industry.
According to Mazzola’s BrokerCheck report, he work with Felix investments from 09/2009 through present.
The foregoing information which is publicly available on the SEC website, here, is being provided by The White Law Group.
When brokerage firms and their employees misrepresent investments and defraud investors they may be liable for investment losses through FINRA dispute resolution.
If you have questions about investment losses you incurred dealing with Frank Mazzola or Felix Investments Inc., the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at (312)238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
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