Category Archives: Hamershlag Sulzberger Borg Capital Markets

Carlo Corzine of Dawson James Securities Suspended by FINRA for 30 Days

UPDATE March 2016-Carlo Corzine discloses customer dispute related to sale of Tactical Air Defense, see this for more.

December 2013-Carlo Wayne Corzine  of Boca Raton, FL, was suspended by FINRA for 30 days in connection with the sale of more than 152 million unregistered shares of a thinly traded OTC security on behalf of his customers, including the president and CEO of the issuer and other accounts he controlled. The findings state that Corzine’s customers opened accounts at his member firm through which they deposited large amounts of the stock, then immediately wired the sale proceeds, which amounted to about $570,000 out of the accounts.

 FINRA findings state that Corzine failed to perform adequate due diligence prior to the execution of these sales and the red flags indicating suspicious activities and various securities law violations. Because the stock was unregistered, it could not be sold absent an applicable exemption from registration. No exemption was available under the circumstances.
According to FINRA records, Corzine is currently registered with Dawson James Securities, Inc. His previous registrations include Hamershlag Sulzberger Borg Capital Markets, Inc. and Buckman, Buckman & Reid, Inc.

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