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Name
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Residence
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What
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Why
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Date
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D'Altilia, Joseph Anthony
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Colorado Springs, Colorado
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Barred
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D'Altilia consented to the described sanction and to the entry of findings that he failed to respond to NASD requests for documents and information.
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August 2006
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D'Amico, Michael Henry
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Westlake Village, California
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Barred
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D'Amico received $13,937.82 from a public customer for investment purposes, deposited the check in an account he controlled without the knowledge or consent of the customer, returned $11,696.35 to the customer, and converted $2,241.47 to his own use and benefit without the customer's knowledge, authorization, or consent.
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July 2005
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DaCruz,
Charles Albert
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Williston
Park, New York
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Barred
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The NAC imposed the sanctions following appeal of an OHO decision. The sanctions were based on findings that DaCruz failed to disclose material information and made baseless price predictions when recommending a security to public customers.
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April 2007
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Dalvi, Chintaman
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Mendham, New Jersey
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Barred
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Dalvi failed to establish, maintain and enforce written procedures designed to achieve compliance with anti-fraud and recordkeeping provisions of securities laws, regulations and NASD rules.
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December
2005
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Daly, Timothy James
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Weston, Connecticut
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Barred
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Daly failed to establish and maintain a supervisory system and written procedures reasonably designed to supervise his firm's registered representatives' and associated persons' activities to achieve compliance with applicable securities laws, regulations and NASD rules. The findings stated that Daly, acting on his member firm's behalf, failed to conduct internal inspections of its offices of supervisory jurisdiction in accordance with the requirements of NASD Rule 3010(c). The findings also stated that Daly, acting on his member firm's behalf, failed to establish procedures for the review of transactions and its registered representatives' correspondence with the public. The findings also included that the firm, acting through Daly, operated its business without a limited principal/financial and operations principal (FINOP).
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November 2006o:p>
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Dail, Roger Martin
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Brooklyn, New York
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Barred
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He willfully failed to disclose a material fact on his Form U4.
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January 2005
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Dailey, Shaune Denise
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Las Vegas, Nevada
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Barred
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She willfully failed to disclose material facts on her Form U4.
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July 2005
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Daluz,
Blesilda A.
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Fairfax,
Virginia
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Barred
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Failed to respond to NASD requests for
information
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September
2005
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Daniels,
Douglas William
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Lynn,
Massachusetts
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Barred
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He invested $5,000 in a variable annuity
that required a minimum investment of $10,000 for a public customer with the
notation that it was an initial deposit and additional funds would follow.
The findings stated that the insurance company failed to receive the
additional $5,000, issued a check canceling the customer’s application and
returned the initial deposit. The findings also stated that Daniels, without
the knowledge or consent of the customer, negotiated the $5,000 check and
misappropriated the proceeds to his own use and benefit.
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October
2005
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Daniels, Richard Alan
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Chagrin Falls, OH
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Barred
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Daniels sold unregistered securities in the form of promissory notes to public customers, and the securities did not have the represented purpose of generating extraordinarilyprofitable returns for investors, but rather had the purpose of promoting an illegal "Ponzi" scheme and supporting Daniels' personal debt and expenses. The findings stated that Daniels failed to respond to FINRA requests for information.
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February 2008
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Dartez, Gregory Orlan
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Allen, TX
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Barred
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Dartez, along with Gerry Glenn Griggs, wrote and disseminated press releases touting the securities of an oil and gas company that were not fair and balanced, and failed to provide a sound basis for evaluating the facts regarding the securities. The findings stated that the press releases omitted material facts, including the company's recent revenues, causing the press releases to be misleading.
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April 2008
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Davidson, Arthur Marc
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Cherry Hill, New Jersey
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Barred
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He signed a public customer's name on Financial Advisory Service agreements and Mutual Fund Redemption forms without the customer's permission or knowledge.
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March 2005
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Davilla, Miguel Angel
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Oviedo, Florida
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Barred
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In order to earn production credits so that he could attend an upcoming sales meeting, he prepared Insurance Cover Memos and Allotment Authorization forms for public customers, falsely represented to his member firm that the customers wanted to buy insurance and forwarded the documents to his firm for processing without the customer's authorization.
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September, 2006
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Davis, Brian Emil
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Chicago, Illinois
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Barred
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Davis consented to the described sanction and to the entry of findings that he received $2,892.79 from a public customer to pay for an extension of a universal life insurance contract, but instead deposited the funds into his personal bank account and converted them to his personal use.
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August 2006
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Davis, Carleton Wayne
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St. Louis, Missouri
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Censure and a permanent bar
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From July 2003 through October 2005, Davis submitted false invoices totaling approximately $36,000 to his member firm and improperly received reimbursement checks based on these invoices, most of which he used personally. Davis, a former director in the firm's Client Development Center, submitted numerous improper payment requests purportedly for services rendered by vendors when no services actually were provided. In total, Davis misappropriated approximately $21,000 from his member firm.
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March, 2007
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Davis, Courtney Wayne
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Huntsville, Texas
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Barred
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Pursuant to NASD Rule 9552(h)
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July 2007
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Davis, Gary
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New York
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18-Month Suspension
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Suspended for trading contrary to the recommendations in his research reports and for other violations relating to his activities as a research analyst.
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March 2005
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Davis, Kevin Edward
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Baltimore, Maryland
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Revoked
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Failing to Pay Fines and/or Costs in Accordance with NASD Rules 8320.
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February, 2007
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Davis,
Kevin John
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Sartell,
Minnesota
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Barred
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He failed to respond to NASD requests for
information.
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October
2005
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Davis, Robert Thomas (III)
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Sumter, South Carolina
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Barred
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Davis consented to the described sanctions and to the entry of findings that he withdrew $104,000 from a public customer's annuity contract without her knowledge or approval, and converted the funds for his own personal benefit. The findings stated that Davis entered into a settlement agreement with the customer in which he promised to repay the $104,000, did not notify his member firm that he entered into such agreement and did not repay the customer as promised.
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November 2006
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Davis,
Steven James
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Williamsville,
New York
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Barred
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He failed to execute a public customer’s
instructions, and failed to respond to NASD requests for information.
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September
2005
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Davrey, Pravin
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Washington, Tacoma
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2-Year Suspension
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Davrey failed to maintain accurate books and records, and engaged in a securities business when the firm did not meet its minimum net capital requirement. Davrey made exaggerated unwarranted and misleading statements in its television advertisement and failed to submit a script, outline, list of questions or other material used in the preparation of the TV advertisement, or any portion thereof, to the NASD Advertising Regulation Department for approval at least 10 days prior to its use. Davrey did not include a warning in the TV advertisement to the effect that options are not suitable for all investors, portions of statement of risks were not reflected, failed to state the name and address of a person from who a current options disclosure document might be obtained, and used a projected performance figure in portions of the TV options advertisement.
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February, 2006
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DeAngelis, Kayel Guy
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Bayside, New York
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Barred
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DeAngelis failed to respond to NASD requests for information. The findings further stated that DeAngelis engaged in private securities transactions and maintained an outside securities account without prior written notice to his member firm.
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July 2007
|
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Deane, Derek Jamal
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Hyattsville, Maryland
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Barred
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Deane consented to the described sanction and to the entry of findings that he created falsified customer retirement accounts and submitted them to his member firm, and that his conduct resulted in the improper receipt of $1,600 in commissions.
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December 2006
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DeBlasio, David Anthony
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Newark, Delaware
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Barred
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He converted at least $80,000 from bank customers through a variety of methods, including using "debt slips" to effect the withdrawal of funds from customers' bank accounts to make payments to other bank customers or to enrich himself.
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February 2005
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Debry,
Lara
|
Salt
Lake City, Utah
|
Barred
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She converted funds from a public customer
to her own use without the customer’s knowledge or consent.
|
September
2005
|
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DeGregorio, Anthony Otto (Sr.)
|
Tinton Falls, New Jersey
|
Barred
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He recommended the purchase of private placements of speculative securities to a public customer without having a reasonable basis for believing that the recommendations were suitable based on customer's investment objectives, financial situation and needs. NASD found that DeGregorio participated in private securities transactions without providing prior written notice to, or receiving written approval from, his member firm.
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February 2006
|
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Delgado, John (a.k.a Yonatan Delgado)
|
Staten Island, New York
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Barred
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Pursuant to NASD Rule 9552(h)
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May 2006
|
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DeLine, Michael Sean
|
Unknown
|
Consent to censure and three year bar.
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Engaged in unsuitable repositioning of mutual funds in the accounts of multiple customers; made misrepresentations and or omissions to multiplecustomers; failed to follow customer instructions to timely fill customer orders relating to multiple customers; engaged in unauthorized trading in the accounts of two customers.
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January 24, 2005
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DelVecchio, Thomas
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Providence, RI
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Barred
|
DelVecchio received $7,000 from a public customer for investment purposes and failed to invest the funds as directed, thereby converting the funds to his own use and benefit.
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January 2008
|
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Delzer, Richard Joseph
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Elyria, OH
|
Barred
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Delzer withdrew $9,000 from public customers' accounts without their knowledge or consent, and used the funds for his own benefit or for some benefit other than the customers.
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April 2008
|
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DeMarco, Thomas Anthony
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Springfield, IL
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Barred
|
DeMarco directed that $5,000 were withdrawn from a public customer's savings account to purchase additional shares in mutual funds, but the funds were not used as directed. The findings stated that DeMarco discovered the funds in his desk drawer six weeks later, at which time he forwarded the funds to his member firm. The findings also stated that DeMarco failed to timely respond to FINRA requests for information.
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October 2007
|
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Demarest, IV, David
|
Wellington, FL
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
February 2008
|
|
Demolfetto,
Frank
|
Staten
Island, New York
|
Barred
|
He failed to comply with an NASD request to
appear for an on-the-record interview.
|
September
2005
|
|
Dennis, David Leo
|
Austin, Texas
|
Barred
|
He participated in private securities transactions without providing prior written notice to his member firm. The findings also stated that Dennis failed to respond to NASD requests for information.
|
June 2005
|
|
Dent, Jr., Noel Andrew
|
Bronxville, NY
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
September 2007
|
|
DePalma, Carmine
|
Mt. Kisco, New York
|
Barred
|
DePalma made an unsuitable recommendation to a public customer in light of the customer's financial status, investment objective and risk tolerance. The findings stated that DePalma engaged in private securities transactions without providing prior written notice to, and obtaining written authorization from, his member firm. The findings also stated that DePalma participated in outside business activities from which he received compensation and failed to provide prompt written notice to his member firm. The findings also included that DePalma falsified records in that he provided confirmations of the customer's investments that bore the corporate insignia of an entity that had no connection to the customer's transactions.
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November 2006
|
|
Derouin, Ronald James
|
Philadelphia, PA
|
Barred
|
Derouin willfully failed to disclose material information on his FormU4. The findings stated that Derouin failed to appear for a FINRA on-the-record interview.
|
December 2007
|
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Derr, Dennis Eugene
|
Camarillo, California | | | | |
