Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » FINRA Bars Monmouth Capital Management Stockbroker In Theft Investigation

finra image

Caz Craffy (also known as Carz Levinski Craffey), of Point Pleasant Beach, NJ, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Craffy failed to testify during the period that FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022076459301 (December 8, 2022).

According to the AWC, FINRA began an investigation into a complaint alleging that Craffy converted customer funds and accepted gifts and loans from customers. In connection with the investigation, FINRA sent a request to Craffy to appear for testimony on November 21, 2022. FINRA also sent Craffy a request for the production of information and documents on November 10, 2022. On November 29, 2022, Craffy indicated to FINRA that he had received the requests but would not appear for testimony or produce the documents and information at any time. Therefore, Anderson violated FINRA Rules 2010 and 8210.

FINRA Public Disclosure shows that Craffy was discharged by Monmouth Capital Management LLC on November 11, 2022, based upon allegations that Craffy engaged in an undisclosed outside business activity.

Caz Craffy was associated with Newbridge Securities Corporation in Morristown, NJ, as a stockbroker from May of 2017 to March of 2021, and associated with Monmouth Capital Management LLC in Point Pleasant Beach, NJ, as a stockbroker from April of 2021 to November of 2022.