Gaetano Salvatore Ciambriello, of New York, New York, a stockbroker formerly registered with Citigroup Global Markets Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ciambriello failed to cooperate with a FINRA investigation regarding allegations that he engaged in undisclosed outside business activities while he was employed by Citigroup Global Markets. Letter of Acceptance, Waiver, and Consent No. 2020067213401 (December 14, 2021).
According to the AWC, FINRA began an investigation into Ciambriello following Citigroup Global Markets’ notification of Ciambriello’s termination as a stockbroker. The securities broker dealer discharged Ciambriello on June 12, 2020, supported by accusations of Ciambriello potentially engaging in an unauthorized outside business activity.
On October 21, 2021, Ciambriello was asked by FINRA to make an appearance to testify regarding the reasons for his departure from Citigroup Global Markets. Ciambriello did not attend. On November 16, 2021, Ciambriello was asked to testify again. He refused. FINRA found that Ciambriello violated FINRA Rules 2010 and 8210 for hindering the investigation.
Ciambriello was registered with Citigroup Global Markets between August 3, 2019, and July 10, 2020.
