David Joseph Campanella, of Cleveland, Ohio, a stockbroker formerly registered with US Bancorp Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Campanella falsified information in a FINRA investigation concerning accusations of his involvement in undisclosed financial accounts while registered with US Bancorp Investments. Letter of Acceptance, Waiver, and Consent No. 2021071402501 (February 14, 2022).
According to the AWC, on January 14, 2022, Campanella was asked to provide information and documents to FINRA so that it could investigate whether Campanella had outside brokerage accounts which he did not disclose to US Bancorp Investments. Campanella was supposed to identify for the securities broker dealer whether he, his spouse, or their businesses had any money market accounts or brokerage accounts. FINRA states that it received an incomplete and inaccurate response from Campanella. Campanella violated FINRA Rules 2010 and 8210 for this reason.
Campanella has been identified in a customer initiated investment related dispute containing allegations of his misconduct at Morgan Keegan Company. FINRA Public Disclosure shows that a customer filed an investment related complaint regarding Campanella’s activities in which the customer requested compensatory damages based upon accusations of Campanella’s unsuitable trading concerning a real estate investment trust, Inland REIT, during the time that he was registered with Morgan Keegan Company.
Campanella was registered with US Bancorp Investments between August 22, 2014, and December 14, 2021.
