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Francesco Puccio of Pittsford, NY, a former general securities principal and registered rep with Cambridge Investment Research, was permanently barred from association with any FINRA-registered firm in all capacities after failing to cooperate with FINRA’s investigation into allegations that Puccio converted funds from a non-firm customer. FINRA Letter of Acceptance, Waiver and Consent, No. 2015046238101 (Aug. 19, 2015).

According to the Acceptance, Waiver, and Consent

FINRA, pursuant to Rule 8210, sent Francesco Puccio a letter on July 23, 2015, requesting Puccio provide information and documentation regarding FINRA’s investigation into allegations of Miller’s conversion of funds. The AWC states that Puccio’s counsel sent FINRA an e-mail on July 24, 2015, acknowledging that while Puccio received FINRA’s request, he would not provide the requested documentation or information at any point. Consequently, according to the AWC, Puccio’s failure to satisfy FINRA’s requests resulted in violations of FINRA Rule 2010 and 8210. Puccio was barred by FINRA as a result.
FINRA registered representatives like Francesco Puccio who do not cooperate with FINRA’s investigations often face a permanent bar from practicing in the securities industry as such lack of cooperation violates FINRA’s Rule 8210 – requiring that no member or person shall fail to provide information or testimony or permit an inspection and copying of books, records, or accounts pursuant to the rule. FINRA typically accompanies a Rule 8210 violation with a Rule 2010 violation when individuals, according to FINRA, do not appear to observe high standards for commercial honor and just and equitable principles of trade.

According to Public Records on Francesco Puccio

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