Joseph Peter Gulbin Jr. of Shelton Connecticut a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on November 9, 2018 founded on accusations that (1) Gulbin participated in outside business activities which had not been disclosed to Pruco Securities or approved by the firm and (2) Gulbin furnished insurance policy documentation to the firm containing customer signatures that were not genuine.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that a customer initiated investment related arbitration claim concerning Gulbin’s conduct was settled for $17,500.00 in damages supported by allegations that while Gulbin was associated with RBC Capital Markets LLC, investment recommendations made to the customer concerning penny stocks and oil & gas products were not suitable given the customer’s financial situation or tolerance for risk; and misrepresentations had been made concerning margin use in the customer’s account as well as withdrawals effected from the customer’s account. FINRA Arbitration No. 18-00233 (July 27, 2018).
Gulbin was registered with RBC Capital Markets LLC between May 26, 2011 and November 24, 2015. He was employed by Pruco Securities LLC between October 27, 2017 and November 15, 2018.
