Daniel Della Rosa, of Tampa, Florida, a stockbroker formerly registered with Corinthian Partners LLC, has been issued a Decision and Order of Offer of Settlement by Financial Industry Regulatory Authority (FINRA) Office of Hearing Officers where Della Rosa has been barred from associating with any FINRA member in any capacity based on findings that he failed to cooperate with a FINRA investigation relating to his responsibilities and activities in customer accounts. Department of Enforcement v. Daniel Della Rosa, Disciplinary Proceeding No. 2020065714602 (December 16, 2021).
According to the Order, Della Rosa was under investigation in 2020 when FINRA conducted an examination of Corinthian Partners. On April 1, 2021, Della Rosa was asked to provide documents and information regarding his involvement in customer accounts and his communications with customers. He was also asked by the regulator to make an appearance and testify. Della Rosa indicated to FINRA on April 12, 2021, that he did not intend to cooperate because of retiring from the industry.
On April 29, 2021, FINRA received an email from Della Rosa, which indicated that he would not be responding to any inquiry into his activities. Della Rosa failed to show up on the date he was expected to testify. He also failed to respond to FINRA’s documents requests. On August 11, 2021, after Della Rosa was suspended as a stockbroker, he relayed to FINRA that he wanted his suspension terminated and would cooperate if able. Della Rosa failed to cooperate with FINRA’s requests after the regulator denied his request to end the suspension. He violated FINRA Rules 2010 and 8210 by hindering the regulator’s investigation.
FINRA Public Disclosure shows that Della Rosa and his former employer, JP Turner Company, were named in a customer initiated investment related FINRA securities arbitration claim where they were ordered by a FINRA Arbitrator to pay $141,000.00 in compensatory damages to a customer after being found liable on the customer’s causes of action. The Statement of Claim alleges fraud, negligence, breach of fiduciary duty, and violation of Florida securities laws relating to unauthorized purchases of speculative technology stocks.
Della Rosa’s registration at Corinthian Partners was terminated on March 10, 2021.
