James Vincent Marino of Pompano Beach Florida a stockbroker formerly registered with Edward Jones has been barred as a stockbroker and investment adviser representative by Securities and Exchange Commission (SEC) according to an Order that is based on Marino’s conviction of theft. In the Matter of James Vincent Marino Administrative Proceeding File No. 3-20061 (Sept. 24, 2020).
According to the Order, Marino was convicted on a Florida criminal charge of grand theft upon a person who was 65 years or older. Marino pleaded no contest to allegations that he exploited an elderly customer while associated with Edward Jones. SEC revealed that the customer had suffered from dementia at the time that Marino misused $27,215.58.
Marino has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he neglected to cooperate with FINRA personnel during the period that he was investigated for accepting gifts from a customer and for improperly using the customer’s credit card. Letter of Acceptance Waiver and Consent No. 2016052079001 (Aug. 4, 2017). Marino violated FINRA Rules 2010 and 8210 for failing to testify in that investigation.
FINRA Public Disclosure also confirms that on November 22, 2017, a customer initiated investment related complaint concerning Marino’s conduct was settled for $600,000.00 in damages founded on accusations that the customer’s assets had been stolen by Marino while he was associated with Edward Jones.
