FINRA recently announced that David Michael Piazza, formerly of Farmers Financial Solutions, LLC in Montgomery, Illinois, has been fined $20,000 and suspended from association with any FINRA member in any capacity for two years. Without admitting or denying the findings, Piazza consented to findings that he deposited a customer’s $5,280 insurance premium payment into his own account rather than his member firm’s account. The findings further stated that Piazza then used other customers’ premium payments to make for the premium payment he had deposited into his own account. Finally, the findings further stated that, in or order to avoid detection of his misconduct, Piazza temporarily changed the billing and mailing addresses on customers’ accounts to his own address.
David Michael Piazza was a registered financial advisor with Farmers Financial Solutions, LLC from March 2001 though March 2008. Farmers Financial Solutions, LLC is a FINRA registered broker-dealer based in Aurora, Illinois.
If you have questions about investments you made with David Michael Piazza and Farmers Financial Solutions, LLC, or if you believe that you have been the victim of a securities fraud, the Law Offices of David A. Carter, P.A. may be able to help. The Law Offices of David A. Carter, P.A. is a South Florida securities fraud, securities arbitration, investor protection, and Chapter 7 bankruptcy law firm based in Boca Raton. David Carter is a securities attorney that reviews securities fraud cases throughout the country and Florida, including securities cases in Orlando, Jacksonville, Tampa, Tallahassee, Gainesville, and West Palm Beach. To contact the Law Offices of David A. Carter, P.A., please call 561-750-6999, or email us at contact@carterpa.com. For more information about the Law Offices of David A. Carter, P.A., you can also visit our website at www.carterpa.com.