Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » FINRA Sanctions Dalmore Group Stockbroker For Engaging In Private Securities Transactions

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Joel Darren Plasco of New York, New York, a stockbroker registered with Dalmore Group LLC, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Plasco engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No. 2020068211001 (November 7, 2022).

According to the AWC, during the time that he was associated with Dalmore Group LLC, Plasco took part in private securities transactions. FINRA states that $200,000.00 was loaned to a company by Plasco, and FINRA classified this loan as a security. After the company defaulted on payment, it made arrangements with Plasco to provide him with shares of a different company. FINRA states that Plasco later sold those shares for $75,000.00 in a private transaction.

Plasco was also involved in outside business activities without giving written notice to Dalmore Group LLC. FINRA states that Plasco was a senior executive with businesses who compensated him. Therefore, Plasco violated FINRA Rules 2010 and 3270.

Plasco was associated with Dalmore Group LLC in Woodmere, NY, as a stockbroker from October of 2015 to November of 2020.