Securities Arbitration Lawyers BlogLeon Vaccarelli Fined and Sanctioned by FINRA
Connecticut broker agrees to one-month suspension and $7500 fine.
Leon Vaccarelli, a stockbroker registered with the Investment Center, was recently suspended from participating in the securities industry for one month and paid a $7500 fine to regulatory agency FINRA.
According to the report, registered representatives are prohibited from exercising discretion in a customer’s account unless the customer has given prior written authorization to exercise discretion and the account has been approved as discretionary, in writing, by the representative’s firm.