Andre Krause of Woodbridge, New Jersey, a stockbroker registered with The Investment Center Inc., has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Krause mismarked trades to falsely indicate they were unsolicited or placed by the customers on their own initative…
Michael Ciro Colletti of Glen Cove, New York, a stockbroker registered with The Investment Center Inc., is the subject of an enforcement action initiated by FINRA in which the regulator is seeking sanctions against Colletti based upon allegations that Colletti engaged in unauthorized and unsuitable trading. Department of Enforcement v. Colletti, Complaint No. 2019061942901 (February…
Leon William Vaccarelli of Waterbury Connecticut a stockbroker formerly registered with The Investment Center has been indicted for wire fraud and mail fraud based on allegations that he engaged in a scheme which victimized elderly customers. United States v. Leon Vaccarelli No. 18-cr-g2-SRU (D. Conn May 2, 2018). On May 29, 2019, the Securities and…
Thomas Ohearn Eifler Sr. of Louisville Kentucky a stockbroker formerly registered with The Investment Center Inc. has been terminated from the firm on February 28, 2017 founded on accusations against Eifler of breach of contract and fraud as referenced in a civil action filed against Eifler. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that…
Leon Vaccarelli, a registered representative associated with The Investment Center, Inc. was charged by the United States Securities & Exchange Commission with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 21F-17(a). According to the Complaint, Vaccarelli, doing business as Lux…
The Investment Center, headquartered in Bedminster, New Jersey, was reprimanded and fined $50,000.00 by Texas State Securities Board pursuant to a Consent Order containing findings that the firm failed to supervise a registered representative’s activities, which consisted of making unsuitable investment recommendations to customers. In the Matter of The Dealer Registration of The Investment Center,…
Michael P. Dalessandro, of Colts Neck, New Jersey, a stockbroker with The Investment Center, Inc., became subject to a pending customer dispute on February 3, 2016, in which several customers alleged that Dalessandro made unsuitable recommendations to the customers. Apparently, the recommendations were made in 2013 and 2015, and involved investments in gas and oil,…
Leon William Vaccarelli of Waterbury, Connecticut, a registered representative with The Investment Center, Inc., was fined $7,500 and suspended for one month from associating in any and all capacities with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that Vaccarelli exercised unauthorized discretion in customer accounts. Letter of Acceptance, Waiver and…