{"id":5775,"date":"2018-02-07T14:12:12","date_gmt":"2018-02-07T19:12:12","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=5775"},"modified":"2018-02-07T14:12:12","modified_gmt":"2018-02-07T19:12:12","slug":"silver-law-group-investigating-claims-former-legend-equities-corp-broker-walter-j-marino-alleged-unsuitable-recommendations-charging-excessive-commissions-customer-accounts","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-investigating-claims-former-legend-equities-corp-broker-walter-j-marino-alleged-unsuitable-recommendations-charging-excessive-commissions-customer-accounts\/","title":{"rendered":"Silver Law Group is Investigating Claims Against Former Legend Equities Corp. Broker Walter J. Marino for Alleged Unsuitable Recommendations and Charging Excessive Commissions in Customer Accounts"},"content":{"rendered":"

Silver Law Group is investigating former Legend Equities Corp. (\u201cLegend\u201d) broker Walter Joseph Marino (\u201cMarino\u201d) for allegations of unsuitable recommendations and charging excessive commissions and fees in customer accounts. Marino was employed by Legend\u2019s Palm Beach Gardens, Florida office prior to his termination in July 2015.<\/p>\n

The Financial Industry Regulatory Authority (\u201cFINRA\u201d) suspended Marino on 10\/16\/2017 for a 1-year period ending 10\/15\/2018 after Marino, without admitting or denying the findings, consented to FINRA\u2019s findings that he had recommended unsuitable exchanges of variable annuity products to two customers without having a reasonable basis for recommending the transactions while at Legend Equities Corp. The transactions were found to benefit Marino and caused substantial harm to the customers.<\/p>\n

In addition, in order to evade supervision, the complaint alleged that Marino lied to Legend about the source of the money used to purchase the new annuity. Instead of stating the new annuity was replacing another annuity, Marino stated on company documents that the purchases were paid for with a check.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Silver Law Group is investigating former Legend Equities Corp. (\u201cLegend\u201d) broker Walter Joseph Marino (\u201cMarino\u201d) for allegations of unsuitable recommendations and charging excessive commissions and fees in customer accounts. Marino was employed by Legend\u2019s Palm Beach Gardens, Florida office prior to his termination in July 2015. The Financial Industry Regulatory Authority (\u201cFINRA\u201d) suspended Marino on […]<\/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":[724,723],"class_list":["post-5775","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-stockbroker-misconduct","tag-legend-equities-corp","tag-walter-joseph-marino"],"yoast_head":"\nSilver Law Group is Investigating Claims Against Former Legend Equities Corp. Broker Walter J. Marino for Alleged Unsuitable Recommendations and Charging Excessive Commissions in Customer Accounts — Securities Arbitration Lawyers Blog — February 7, 2018<\/title>\n<meta name=\"description\" content=\"Silver Law Group is investigating former Legend Equities Corp. (\u201cLegend\u201d) broker Walter Joseph Marino (\u201cMarino\u201d) for allegations of unsuitable — February 7, 2018\" \/>\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\/silver-law-group-investigating-claims-former-legend-equities-corp-broker-walter-j-marino-alleged-unsuitable-recommendations-charging-excessive-commissions-customer-accounts\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Silver Law Group is Investigating Claims Against Former Legend Equities Corp. Broker Walter J. 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