James Vincent Marino, of Pompano Beach, Florida, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA investigation into allegations that Marino inappropriately utilized a customer’s funds. Letter of Acceptance, Waiver and Consent, No. 2016052079001 (Aug. 4, 2017).
According to the AWC, Marino was asked by FINRA staff on July 13, 2017, to provide recorded testimony for the regulator in regard to allegations of his misuse of a customer’s credit card and acceptance of unauthorized gifts; conduct which was identified as the firm’s basis to fire Marino on October 25, 2016. Apparently, Marino indicated to FINRA in July of 2017 that he understood what was asked of him but would not be cooperating at any point. FINRA found that Marino’s refusal to testify was conduct violative of FINRA Rules 2010 and 8210.
FINRA Public Disclosure also confirms that on October 31, 2016, a customer filed an investment related written complaint involving Marino’s conduct, in which the customer requested $702,300.57 in damages based upon allegations that between November of 2013 and April of 2016, Marino stole the customer’s funds.
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