Jason John Lenzi, of Beaver, Pennsylvania, a stockbroker formerly registered with The Huntington Investment Company, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not cooperate with FINRA’s request for Lenzi’s information in reference to Lenzi’s business activities. Case No. 2015044007201 (Feb. 27, 2015).
FINRA Public Disclosure reveals that on April 20, 2017, Lenzi was identified in a customer initiated investment related dispute containing allegations of his misconduct, wherein the customer requested $5,000.00 in damages based upon allegations that Lenzi, while employed with The Huntington Investment Company, failed to inform the customer about a $5,000.00 charge assessed to the customer for investing in a market linked certificate of deposit.
Since 2002, FINRA has consistently reminded its members as to the risks associated with the sale of Long Term Certificates of Deposit and Structured or Principal Protected Notes. See, e.g. Notice to Members 02-28 (May 2002 )(“Member Obligations Regarding Long-Term Or Brokered Certificates Of Deposit”); Regulatory Notice 09-73 (December 2009)(“FINRA Reminds Firms of Their Sales Practice Obligations Relating to Principal-Protected Notes”).
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