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Articles Posted in FINRA Disciplinary Actions

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John Kersey (John Jay Kersey CRD# 1480524) is a former broker and investment advisor last employed with Northwestern Mutual Investment Services, LLC (CRD# 2881) of Cincinnati, OH. His previous employers include Northwestern Mutual Investment Services, LLC (CRD# 2881) of Milwaukee, WI, Walnut Street Securities, Inc. (CRD# 15840) of El Segundo, CA, and WMA Securities, Inc. (CRD# 32625) of Duluth, GA.  He has been in the industry since 1986. Northwestern allowed Kersey to resign following allegations that he accepted money from a customer intended for investment. Instead, Kersey deposited the money into a non-firm account, and fabricated account statements that overstated the value of the customer’s account with Northwestern.  He was under an internal review at the time. Of his eight disclosures, five are by Kersey’s Northwestern clients filed after his discharge from the firm.John Kersey (John Jay Kersey CRD# 1480524) is a former broker and investment advisor last employed with Northwestern Mutual Investment Services, LLC (CRD# 2881) of Cincinnati, OH. His previous employers include Northwestern Mutual Investment Services, LLC (CRD# 2881) of Milwaukee, WI, Walnut Street Securities, Inc. (CRD# 15840) of El Segundo, CA, and WMA Securities, Inc. (CRD# 32625) of Duluth, GA.  He has been in the industry since 1986. Continue reading ›

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According to FINRA Disciplinary actions for January 2024, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules:

NAME FORMER EMPLOYERS
  Scott Reed   First Financial Equity Corporation
  Wells Fargo Clearing Services, LLC

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According to FINRA Disciplinary actions for January 2024, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:

NAME FORMER EMPLOYERS
  Jack McBride   Newbridge Securities Corporation
  B. Riley Wealth Management
  Richard Webb   Park Avenue Securities LLC
  William Williford   Morgan Stanley

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According to FINRA Disciplinary actions for January 2024, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  Gabriela Alfaro   Charles Schwab &Co., Inc.
  Vinessa Christian   UBS Financial Services Inc.
  RBC Dain Raucher Inc.
  Denzel Coleman   J.P. Morgan Securities LLC
  Wells Fargo Clearing Services, LLC
  Stalin Cruz   SW Financial
  Windsor Street Capital, L.P.
  Richard Goldston   Edwared Jones

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Michael Digioia (Michael Joseph Digioia CRD# 4073951, aka Michael Joseph Di Gioia, Michael Di Gioia, Mike Joseph Di Gioia, Mike Ross) is a previously registered broker last employed with Lampost Capital, L.C. (CRD# 43706) of Boca Raton, FL. His previous employers include Arive Capital Markets (CRD# 8060) of Bay Ridge, NY, Vision (CRD# 47927) of Stamford, CT, and Rothschild Lieberman LLC (CRD# 10030) of New York, NY. He has been in the industry since 2000. In a customer dispute filed on 5/19/2021, Digioia was ordered to pay $150,000 to a person who alleged unsuitable recommendations. In the broker’s statement, Digioia responded that the issue stemmed from a personal business matter, and that the claimant was actually a former business partner, not an investment customer. Digioia filed a motion to vacate on November 10, 2022.Michael Digioia (Michael Joseph Digioia CRD# 4073951, aka Michael Joseph Di Gioia, Michael Di Gioia, Mike Joseph Di Gioia, Mike Ross) is a previously registered broker last employed with Lampost Capital, L.C. (CRD# 43706) of Boca Raton, FL. His previous employers include Arive Capital Markets (CRD# 8060) of Bay Ridge, NY, Vision (CRD# 47927) of Stamford, CT, and Rothschild Lieberman LLC (CRD# 10030) of New York, NY. He has been in the industry since 2000. Continue reading ›

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Michael Fasciglione (CRD# 1806486) is a previously registered broker last employed with Aegis Capital Corp. (CRD# 15007) of Garden City, NY. His previous employers include   National Securities Corporation (CRD# 7569) of Mineola, NY, First Montauk Securities Corp. (CRD#:13755) of Port Washington, NY, and Oppenheimer & Co. Inc. (CRD# 249) of New York, NY. He has been in the industry since 1988. FIRNA recently suspended Fasciglione for failing to respond to requests for information. He was notified of his suspension on 9/27/2023, effective 10/23/2023. He is suspended in all capacities from affiliation with a member broker-dealer until he provides the requested information. Should Fasciglione fail to respond by January 2, 2024, he will be automatically and permanently barred.Michael Fasciglione (CRD# 1806486) is a previously registered broker last employed with Aegis Capital Corp. (CRD# 15007) of Garden City, NY. His previous employers include   National Securities Corporation (CRD# 7569) of Mineola, NY, First Montauk Securities Corp. (CRD#:13755) of Port Washington, NY, and Oppenheimer & Co. Inc. (CRD# 249) of New York, NY. He has been in the industry since 1988. Continue reading ›

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According to FINRA Disciplinary actions for December 2023, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules:

NAME FORMER EMPLOYERS
  John Carlson   Capital Financial Services, Inc.
  Integrity Funds Distributor, Inc.
  John Goodwin   LPL Financial LLC
  MML Investors Servies, LLC
  Jane Terry   Raymond James Financial Services, Inc.
  Everen Securities, Inc.
  Armando Wood   Raymond James & Associates, Inc.
  UBS Financial Servies Inc.

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According to FINRA Disciplinary actions for December 2023, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:

NAME FORMER EMPLOYERS
  Thomas Cole III   Charles Schwab & Co., Inc.
  Equitable Advisors, LLC
  Daniel Ditch   PFS Investments Inc.
  Stephen Jones   Equitable Advisors, LLC
  Robert Luley, Jr.   Pruco Securities, LLC
  Madison Avenue Securities, LLC
  Hector Negrete   Transamerica Financial Advisors, Inc.
  World Group Securities, Inc.
  Louis No   NYLife Securities, LLC
  Shawn O’Connell   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Chanda Park   Transamerica Financial Advisors, Inc.
  William Rodriguez

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According to FINRA Disciplinary actions for December 2023, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  Michael Capolongo   Network 1 Financial Securities Inc.
  Worden Capital Management LLC
  Michael Fasciglione   Aegis Capital Corp.
  National Securities Corporation
  Isaiah Frection   NYLife Securities LLC
  Johnathan Hagood   Wells Fargo Clearing Services, LLC
  Christopher Lynch   Pruco Securities, LLC
  LPL Financial LLC
  John Rabulan   NYLife Securities LLC
  Dennis Riordan   Wynston Hill Capital, LLC
  Aeon Capital Inc
  Adriano Schultz   J.P. Morgan Securities LLC
  Wells Fargo Clearing Services, LLC
  Brittny Stagnitto
  Anthony Vadino   Equitable Advisors, LLC
  LPL Financial LLC

Continue reading ›

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According to FINRA Disciplinary actions for November 2023, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:

NAME FORMER EMPLOYERS
  Charles Connors   LPL Financial LLC
  Transamerica Financial Advisors, Inc.
  Andrew Grezlak   Cambridge Investment Research, Inc.
  Heron Rattray, Jr.   J.P. Morgan Securities LLC
  Chase Investment Services Corp
  Merrill Richardson   Goldman Sachs & Co, LLC
  William Blair & Company LLC
  Michael Solomon   Maxim Group LLC
  HFP Capital Markets LLC
  Steven Thompson   Network 1 Financial Securities Inc.
  SW Financial
  Bertram Unger   Edward Jones
  Pruco Securities, LLC
  Jessica Wade
  Shane Wilhelm   Fortune Financial Services, Inc.
  Truist Investment Services, Inc.

Continue reading ›

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