Scottsdale Financial Adviser Loses License After Concealing Jail Sentence From Clients

Arizona Corporation Commission Revokes License Of Scottsdale Investment Adviser

A Scottsdale man, Paul Marascalco, has been ordered by the Arizona Corporation Commission to pay $2,500 in administrative penalties for violations of the Investment Management Act. The Commission also revoked Marascalco’s sole proprietorship’s investment advisor license. According to the Commission, Marascalco has been owner of PMRIA and licensed investment adviser since 2015. In September 2021....

Scottsdale Financial Adviser Loses License After Concealing Jail Sentence From Clients

Trust is central to managing someone else’s money, and Arizona regulators say a Scottsdale financial adviser undermined that relationship by concealing the reason he would be away from work. The Arizona Corporation Commission has revoked Paul Marascalco’s license and ordered him to pay $2,500 over what officials described as dishonest and unethical conduct. Marascalco, who […]

Scottsdale Investment Adviser Loses License After Describing Jail Absence As ‘Sabbatical’

By Matthew Holloway | The Arizona Corporation Commission (ACC) revoked a Scottsdale investment advisory business’s license and imposed a $2,500 administrative penalty after finding that its owner misled clients about a yearlong jail sentence and made false statements in regulatory filings about his felony conviction. The commission approved the consent agreement involving Paul Marascalco and […] The post Scottsdale Investment Adviser Loses Licen…

Scottsdale Adviser Paul Marascalco Loses License After DUI

Arizona regulators revoked Scottsdale adviser Paul Marascalco's license after he hid a DUI jail sentence from clients and state filings.