Daniel Pita Investigation
April 2023-Sunrise, FL
According to publicly available records Daniel Pita , a former broker who last worked for NYLife Securities, discloses a final regulatory matter resulting in a permanent bar from the industry.
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 8/2022 FINRA permanently barred Pita from the industry to resolve allegations that he failed to provide information and documents requested by FINRA. The complaint alleges that FINRA was investigating and allegation that Pita had not disclosed all of his outside business activities while he was employed at his member firm. The requested information and documents were necessary to investigate whether Pita had disclosed all of his outside business activities to the firm, or engaged in other misconduct.
Pita was with NYLife Securities from 10/2017 to 8/2022.
If you have suffered losses in an account handled by Daniel Pita contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
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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