Do You Need a FINRA Defense Attorney?
You may have read that Michael Joseph Dellaporta Jr. of Ft. Lauderdale, Florida was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210.
In 2015, Michael Joseph Dellaporta Jr. joined Fusion Analytics Securities, LLC as a General Securities Representative. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) on August 13, 2018, disclosing Dellaporta’s termination due to alleged misconduct. According to the findings, FINRA sent a request to Dellaporta for documents and information in connection with their investigation into his alleged involvement in an outside business activity. The findings further state that Dellaporta responded to FINRA during a phone call, stating that he allegedly received, acknowledged, and refused to provide any of the requested documents and information. Although Michael Joseph Dellaporta Jr. is not currently associated with a FINRA member, he remains subject to FINRA’s jurisdiction.
FINRA Rule 8210 states, in relevant part, that FINRA has the right to require a “person subject to FINRA’ s jurisdiction to provide information orally, in writing, or electronically with respect to any matter involved in the investigation, complaint, examination or proceeding.” FINRA Rule 8210 also specifies that “no person shall fail to provide information or testimony pursuant to this Rule.” A failure to provide information and/or testimony requested by FINRA pursuant to Rule 8210 violates Rule 8210. Conduct that violates FINRA Rule 8210 also violates FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principals of trade.”
Unfortunately, Michael Joseph Dellaporta Jr. might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome.
Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Ft. Lauderdale, Florida And Nationwide
The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout Florida and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.