January 2020 – Ramsey, NJ
The FINRA records of John Michael Marinaccio , who is currently employed by Worden Capital Management , disclose 2 terminations from employment.
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.
Marinaccio worked for Laidlaw & Company from 12/ 2010 until 6/2017 when he voluntarily resigned from Laidlaw & Company (UK) as a result of allegations that “a Regulation S-P Internal Review initiated based upon the firm learning that it’s former AML Compliance officer misappropriated non-public customer information. A temporary restraining order completely preventing the use of any of the subject information by the formal AML CO and/or his new employer has been obtained.”
In 12/ 2017 Marinaccio was discharged by First Standard Financial Company where he had worked since 10/ 2017 . First Standard Financial made the following allegation on Marinaccio’s FINRA record : “Firm received information concerning an alleged Reg-S-P violation. The internal review was commenced upon receipt of a letter from RR’s (Marinaccio’s) former employer alleging misuse of Reg S-P information…… Based upon an analysis and advise from counsel, we determined that the allegations were accurate and the IT vendor was instructed to scrub the system and delete the files. The firm terminated the RR after the conclusion of the investigation”
Marinaccio was employed by Joseph Gunnar & Co. from 6/ 2017 until 10/ 2017.
If you have questions about an account handled by John Marinaccio call for a no charge consultation .
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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