Daniel Della Rosa (also known as Daniel Dellarosa), of Tampa, Florida, a stockbroker formerly registered with Corinthian Partners LLC, has been charged by Financial Industry Regulatory Authority (FINRA) with failing to comply with an investigation into Della Rosa’s sales practices at Corinthian Partners. Department of Enforcement v. Daniel Della Rosa Disciplinary Proceeding No. 2020065714602 (November 23, 2021).

According to the complaint, Della Rosa was investigated by FINRA following an examination of Corinthian Partners in 2020. The regulator sent Della Rosa two letters on April 1, 2021. One of those letters asked him to provide documents and information regarding his duties at the securities broker dealer, including his communications with customers and involvement in customer accounts. The second letter asked Della Rosa to complete a questionnaire and testify regarding his activities at Corinthian Partners.

Della Rosa responded on April 20, 2021, where he told the regulator to contact his former branch manager and that he did not have access to any records at Corinthian Partners. FINRA tried responding to Della Rosa only to find that his email account was nonexistent. From that point forward, FINRA says that Della Rosa was unresponsive. Della Rosa allegedly failed to comply with FINRA’s requests by the deadline.

The complaint states that on May 18, 2021, Della Rosa was sent a letter that informed him about a pending suspension of his registration as a stockbroker. He was told that he would be suspended for failing to testify and provide documents and information. On June 11, 2021, Della Rosa received another letter from FINRA stating that the suspension went into effect and that he would be automatically barred by August 23, 2021, if he did not resolve the outstanding requests or otherwise seek the termination of his suspension.

Della Rosa contacted FINRA on August 11, 2021, asking the regulator to terminate his suspension. He promised to answer the regulator’s questions if able. Della Rosa’s request was denied, and he allegedly never corresponded with FINRA afterward.

Department of Enforcement alleges that Della Rosa violated FINRA Rules 2010 and 8210 by impeding FINRA’s investigation.

Della Rosa has been identified in two customer initiated investment related disputes regarding accusations while he was employed by securities broker dealers, including JP Turner Company LLC and Barron Chase. FINRA Public Disclosure shows that a customer initiated investment related FINRA securities arbitration claim concerning Della Rosa’s activities was resolved for $46,000.00 in damages supported by allegations that unsuitable over-the-counter equities transactions were executed in the customer’s account during the time that Della Rosa was registered with Barron Chase Securities.

Della Rosa is also the subject of a customer initiated investment related FINRA securities arbitration claim where the customer was awarded $141,000.00 in compensatory damages based on Della Rosa and JP Turner Company being found liable for negligence. The Statement of Claim alleges that the customer was harmed by agreeing to Della Rosa’s recommendations of speculative technology stocks and that Della Rosa executed stock purchases on margin.

Della Rosa was employed by Corinthian Partners between November 14, 2017, and March 10, 2021.

Tags: ,

Comments are closed.