Jason Lee Pintus of Point Pleasant Beach, New Jersey, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pintus failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules on excessive and unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2022076459302 (May 8, 2023).
FINRA’s investigation started because a customer complained to FINRA about a former Monmouth employee (Stockbroker A) who was supervised by Pintus. On April 21, 2023, FINRA asked Pintus to testify as part of their investigation into how Pintus and Monmouth supervised Stockbroker A. Upon information and belief, Stockbroker A is Caz Craffy. Craffy was barred by FINRA for the potential conversion of customer money, loans or gifts from customers, active trading in customer accounts, and failure to fully disclose certain Outside Business Activities.
FINRA’s investigation focused on Pintus’s involvement in possible falsification of documents provided in response to the regulator’s requests, supervision of Stockbroker A, supervision of third-party transactions for anti-money laundering concerns, oversight of excessive trading by other representatives in the securities broker dealer, and Pintus’s own unauthorized and excessive trading.
The AWC stated that on April 24, 2023, Pintus acknowledged receiving FINRA’s request and agreed not to appear for testimony. By refusing to comply with the regulator’s investigation, Pintus violated Rules 8210 and 2010.
Pintus’ stockbroker registration with Monmouth Capital Management LLC was terminated on April 24, 2023. Since November 13, 2009, he has been associated with three different broker dealers, one of which has been expelled by FINRA for violation of federal securities laws or is otherwise defunct.
