According to FINRA, Gerald Cipolla (CRD #1669496, Rego Park, NY) submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Cipolla consented to the sanction and to the entry of findings that he failed to produce certain documents and information requested by FINRA. The findings stated that the documents and information requested by FINRA are related to an investigation regarding potential conversion related to Cipolla’s alleged purchase of shares of stock in an initial public offering (IPO) using funds from his co-workers; complaints by customers regarding unsuitable investment recommendations; and Cipolla’s potential failure to disclose certain financial events to his employing member firm and on his Form U4.
For FINRA’s full finding see FINRA Case #2015046712301.
According to FINRA BrokerCheck, Cipolla was registered with PFS Investments in Rego Park, NY from 05/1993 – 08/2015.
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