A former Bank of America Corp. Merrill Lynch adviser will do a rehabilitation program and sidestep a criminal conviction after police charged him with bigotry over a smoothie shop tirade that was caught on video in January.
James Iannazzo was granted entry into an accelerated rehabilitation program which places him under supervision for one year, and after that the charges against him will be dismissed. Iannazzo is also required to donate $500 to the Office of Victim Services, in the decision made by judge Peter McShane on Thursday in Connecticut Superior Court.
Bank of America ousted Iannazzo, 48, after a video of him shouting expletives and insults at a Connecticut Robeks outlet went viral earlier this year. He has since taken a job at broker-dealer Aegis Capital Corp., records show.
The judge’s decision also precludes Iannazzo from returning to or contacting employees at the smoothie shop.
The incident occurred after Iannazzo ordered a drink without peanut butter for his son, who has a peanut allergy, according to a statement from the Fairfield Police Department. He left the store, but returned to confront employees after his son had an allergic reaction that sent him to the hospital, police said.
The video, shot from behind the counter at Robeks, shows Iannazzo shouting and throwing a drink at an employee and eventually calling her a “f---ing immigrant loser.” Employees told police Iannazzo didn’t mention his son’s allergy when asking them not to put peanut butter in a drink.
Iannazzo, who turned himself into police, was arrested and accused of intimidation based on bigotry or bias, trespassing and breaching the peace. Later Bank of America said Iannazzo no longer worked at Merrill Lynch Wealth Management. His Finra records show a pending criminal charge for the Jan. 22 incident.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Raymond James also lured another ex-Edward Jones advisor in South Carolina, while LPL welcomed a mother-and-son team from Edward Jones and Thrivent.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Wealth management unit sees inflows of $23 billion.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
