{"id":10520,"date":"2022-03-30T11:23:54","date_gmt":"2022-03-30T15:23:54","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10520"},"modified":"2022-03-30T11:23:54","modified_gmt":"2022-03-30T15:23:54","slug":"finra-suspends-joseph-fedorko-for-excessive-unsuitable-trading","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-joseph-fedorko-for-excessive-unsuitable-trading\/","title":{"rendered":"FINRA Suspends Joseph Fedorko For Excessive &#038; Unsuitable Trading"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10521 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/03\/Joseph-Fedorko.png\" alt=\"Joseph Fedorko (Joseph Michael Fedorko CRD#] 2007317) is a previously registered broker whose last known employer was Laidlaw &amp; Company (UK) LTD. (CRD#:119037) of Greenwich, CT. His previous employers include Oppenheimer &amp; Co. Inc. (CRD#:249) of Stamford, CT, Josephthal &amp; Co., Inc. (CRD#:3227) and Gruntal &amp; Co., L.L.C. (CRD#:372), both of New York, NY. He has been in the industry since 1989.  Fedorko has a total of 19 disclosures dating back to 1995. However, the most recent disclosure is from FINRA, after he excessively traded in the account a married senior couple from January 1, 2014, to December 31, 2019. He exercised de facto control over the couple\u2019s account, and the couple trusted his recommendations.  During this period, Fedorko and his firm (Laidlaw) exercised more than 1,200 transactions in the customers\u2019 account. This excess trading led to losses of approximately $1.1 million, known as \u201cchurning.\u201d However, the trading also generated $760,000 in commissions and markups for the firm, with Fedorko receiving 25% of the commissions and markups. After the customers filed a claim, the firm reimbursed them for their losses and closed their arbitration.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/03\/Joseph-Fedorko.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/03\/Joseph-Fedorko-180x120.png 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Joseph Fedorko (Joseph Michael Fedorko CRD#] <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/2007317\" target=\"_blank\">2007317<\/a>) is a previously registered broker whose last known employer was Laidlaw &amp; Company (UK) LTD. (CRD#:119037) of Greenwich, CT. His previous employers include Oppenheimer &amp; Co. Inc. (CRD#:249) of Stamford, CT, Josephthal &amp; Co., Inc. (CRD#:3227) and Gruntal &amp; Co., L.L.C. (CRD#:372), both of New York, NY. He has been in the industry since 1989. <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-joseph-fedorko-for-excessive-unsuitable-trading\/#more-10520\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joseph Fedorko (Joseph Michael Fedorko CRD#] 2007317) is a previously registered broker whose last known employer was Laidlaw &amp; Company (UK) LTD. (CRD#:119037) of Greenwich, CT. His previous employers include Oppenheimer &amp; Co. Inc. (CRD#:249) of Stamford, CT, Josephthal &amp; Co., Inc. (CRD#:3227) and Gruntal &amp; Co., L.L.C. (CRD#:372), both of New York, NY. He [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589,580],"tags":[],"class_list":["post-10520","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Suspends Joseph Fedorko For Excessive &amp; Unsuitable Trading &#8212;<\/title>\n<meta name=\"description\" content=\"Joseph Fedorko is a previously registered broker whose last known employer was Laidlaw &amp; Company of Greenwich, CT.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-joseph-fedorko-for-excessive-unsuitable-trading\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Suspends Joseph Fedorko For Excessive &amp; 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