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FINRA Bars Representatives In March 2019

March Public records provided by FINRA and accessed on March 18, 2019 list 10 investment representatives who were reported in March 2019 as sanctioned by FINRA and barred from association with FINRA member firms. The brokers and/or investment advisers listed below have signed Letters of Acceptance, Waiver and Consent (AWC Letters) in connection with these sanctions, though it should be noted they have not admitted to or denied the alleged underlying conduct. The individuals include Liju Varghese, sanctioned in connection to allegations he refused to appear for testimony during an investigation into whether he participated in unauthorized trading; Charles Gonzalez, sanctioned in connection to allegations he participated in an outside business activity without notifying his member firm in writing; Stewart Malloy, sanctioned in connection to allegations he failed to appear and provide requested testimony in connection with an investigation into possible unsuitable and unauthorized trading; Mark Lamendola, sanctioned in connection to allegations he made misrepresentations to one of his customers when he fabricated letters which “purported to come from an annuity company regarding the status of the customer’s deposit”; and Jay Weiser, sanctioned in connection to allegations he failed to cooperate with FINRA’s requests in connection with an investigation into whether he made unapproved private securities transactions. More information about these allegations is available via FINRA’s disciplinary action homepage.

Name Current/Former Employers
Liju Varghese Pruco Securities
Jaime E. Carvallo Park Sutton Advisors
Daniel Todd Levine First Financial Equity Corporation
Charles Gonzalez Spartan Capital Securities
Stewart Clinton Malloy Morgan Stanley
Mark Isidore Lamendola World Capital Brokerage
Jay R. Weiser Despain Financial Corporation
Kristian M. Gaudet Ameritas Investment Corporation
Matthew Philip Amos PFA Security Asset Management
Benjamin Galloway First Citizens Investor Services
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