Joseph Samuel Vanelli III, of Ambler, Pennsylvania, a stockbroker registered with Vanderbilt Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Vanelli failed to comply with a FINRA investigation into his potential outside business activities during the time that he was associated with Vanderbilt Securities. Letter of Acceptance, Waiver, and Consent No. 2023078504001 (April 17, 2024).
On January 2, 2024, FINRA requested information and documents from Vanelli under Rule 8210 as part of its investigation into his outside activities. FINRA Rule 8210(a)(1) obligates stockbrokers to provide information regarding any matter involved in the investigation. Despite multiple communications confirming receipt of the request, Vanelli’s lawyer informed FINRA on February 23, 2024, and again on February 28, 2024, that Vanelli would not be producing the requested information or documents at any time. Therefore, Vanelli violated FINRA Rules 2010 and 8210.
Vanelli was associated with Vanderbilt Securities LLC in Ambler, Pennsylvania from January 27, 2022, to December 18, 2023. He was associated with Fortune Financial Services Inc. in Skippack, Pennsylvania from September 19, 2017, to December 31, 2021.
