July 2021- Old Tappan, NJ
According to publicly available records John Grifonetti (CRD#3040205), a former stockbroker who last worked for Bardown Capital, discloses 9 final regulatory events.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In June 2020 Grifonnetti was permanently barred from the securities industry, who alleged:
- Grifonetti and his business partner launched Bayes’ direct market access without conducting appropriate due diligence.
- Grifonetti failed to establish, maintain and enforce a supervisory system and WSPs reasonably designed to achieve compliance under the Securities Exchange Act of 1934 and other applicable securities laws, rules and regulations that prohibit manipulative trading activity by market access customers.
- Grifonetti delegated to his Business Partner responsibility for establishing and maintaining the firms supervisory system without ensuring that his Business Partner was properly qualified.
Grifonetti worked with Bardown Capital from December 2016 until June 2020. He was with Bayes Capital from 1/2013-7/2018. .
If you had an account with John Grifonetti that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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