{"id":2929,"date":"2015-09-15T00:00:00","date_gmt":"2015-09-15T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/timothy-diblasi-under-finra-scrutiny-for-lack-of-compliance-supervision\/"},"modified":"2018-10-08T12:41:20","modified_gmt":"2018-10-08T16:41:20","slug":"timothy-diblasi-under-finra-scrutiny-for-lack-of-compliance-supervision","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/timothy-diblasi-under-finra-scrutiny-for-lack-of-compliance-supervision\/","title":{"rendered":"Timothy DiBlasi Under FINRA Scrutiny for Lack of Compliance Supervision"},"content":{"rendered":"<p><h2><a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Timothy-DiBlasi-Under-FINRA-Scrutiny-for-Lack-of-Compliance-Supervision.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1820\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Timothy-DiBlasi-Under-FINRA-Scrutiny-for-Lack-of-Compliance-Supervision.jpg\" alt=\"Timothy DiBlasi Under FINRA Scrutiny for Lack of Compliance Supervision on silverlaw.com\" width=\"1000\" height=\"666\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Timothy-DiBlasi-Under-FINRA-Scrutiny-for-Lack-of-Compliance-Supervision.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Timothy-DiBlasi-Under-FINRA-Scrutiny-for-Lack-of-Compliance-Supervision-300x200.jpg 300w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/h2>\n<h2>Disciplinary action is pending as DiBlasi\u2019s involvement in the sale of over 74 million shares of unregistered stock is investigated<\/h2>\n<\/p>\n<p>After 11 years in the securities industry, Timothy D. DiBlasi may be facing a FINRA disciplinary action for his alleged involvement in the sale of more than 74 million unregistered stock shares. As the chief compliance officer at Scottsdale Capital Advisors, <a href=\"http:\/\/disciplinaryactions.finra.org\/Search\/ViewDocument\/48049\"  target=\"_blank\">FINRA alleged<\/a> that he failed to enforce a system of supervision and anti-money laundering compliance, leading to the alleged illicit trades.<\/p>\n<p>DiBlasi has been registered with the firm since 2012, and FINRA is implicating him in the case due to his failure to prevent fraud and illicit activity relating to a penny stock, <a href=\"http:\/\/disciplinaryactions.finra.org\/Search\/ViewDocument\/48049\"  target=\"_blank\">according to the report<\/a>. Since October 2013, DiBlasi has served as the chief compliance officer at Scottsdale, making him responsible for written supervisory procedures, or WSPs, which detail how supervisors should handle any \u201cred flags\u201d that suggest improper trading activity, particularly in regards to unregistered securities. However, according to FINRA, DiBlasi\u2019s system was not up to par when it came to verifying ownership of securities and their registration exemptions.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/timothy-diblasi-under-finra-scrutiny-for-lack-of-compliance-supervision\/\"  title=\"Continue Reading Timothy DiBlasi Under FINRA Scrutiny for Lack of Compliance Supervision\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disciplinary action is pending as DiBlasi\u2019s involvement in the sale of over 74 million shares of unregistered stock is investigated After 11 years in the securities industry, Timothy D. DiBlasi may be facing a FINRA disciplinary action for his alleged involvement in the sale of more than 74 million unregistered stock shares. As the chief [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[474],"class_list":["post-2929","post","type-post","status-publish","format-standard","hentry","category-all-releases","tag-finra-scrutiny"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Timothy DiBlasi Under FINRA Scrutiny for Lack of Compliance Supervision &#8212; Securities Arbitration Lawyers Blog &#8212; September 15, 2015<\/title>\n<meta name=\"description\" content=\"Check out the full article on Timothy DiBlasi Under FINRA Scrutiny for Lack of Compliance Supervision on siilverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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