Articles Tagged with New York City

According to a recent Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), John Bocchino and Rafael Jacinto were accused of engaging in a scheme to circumvent Morgan Stanley’s policies restricting trade in Venezuelan bonds. To do so, the men used fictitious nominee accounts that appropriated trades in the accounts and falsified firm documents. As a result of this, both men were able to trade approximately $190 million in Venezuelan bonds. Both men were registered representatives of Morgan Stanley in the New York City office. Both men were terminated from the firm as this was against securities rules and regulations.

John Bocchino was registered with JP Morgan Securities in New York from July 1998 until October 2000, Citigroup Global Markets in New York from February 2001 until June 2009 and Morgan Stanley in New York from June 2009 until March 2012. He is currently registered with UBS in New York and has been since April 2012. He has one customer dispute against him. Jacinto was registered with The Golden, Lender Financial Group in New York from April 1999 until July 1999, TD Waterhouse Investor Services in Omaha, Nebraska from July 1999 until November 2002, Citigroup Global Markets in New York from February 2004 until June 2009 and Morgan Stanley in New York from June 2009 until March 2012. He is currently registered with UBS in New York and has been since April 2012.

If you lost money with John Bocchino or Rafael Jacinto, please call our law offices in Chicago, Illinois today to speak to an attorney for free. We may be able to help you bring a case against Morgan Stanley in the FINRA arbitration forum to recover your investment losses. Morgan Stanley may be responsible for losses on a contingency fee basis. Call today. The call is free with no obligation.

Why FINRA Enforcement is cracking down on “cockroach” brokers. The entire article can be viewed at the link below. The most recent case is that of 10 employees, including the president, of the now-defunct Global Arena Capital Corp out of New York City, left their former firm where they were accused of using misleading sales pitches, churning account and other violations. Before that, a group of seven brokers, who were being supervised, left HFP Capital Markets to join Global Arena. These cases are examples of “cockroaching,” a practice in which brokers stay in the securities industry by moving between risky or expelled firms while committing securities violations. See link below

https://www.investmentnews.com/article/20150915/FREE/150919947/finra-cracks-down-on-cockroach-brokers

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