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Written by 8:07 pm Blog, Securities Fraud Articles

Cantone Research Inc. fined by FINRA

Cantone Research Inc. (CRD #26314, Tinton Falls, New Jersey) recently submitted an Offer of Settlement in which the firm was censured, fined $25,000, and ordered to pay a total amount of $200,000 in partial restitution to Customers.

Without admitting or denying the allegations, the firm consented to the described sanctions and to the entry of findings that the firm’s vice president and chief compliance officer (CCO) failed to reasonably supervise a registered representative who was able to continue engaging in a scheme through which he sold fictitious investments to firm customers and misappropriated more than $1.6 million of their funds.

This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.

If you have questions about investments you made with Cantone Research Inc. and/or Christine L. Cantone, the securities attorneys of The White Law Group may be able to help.  To speak with a securities attorney, please call the firm’s Chicago office at 312/238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit our website at https://whitesecuritieslaw.com.

Tags: , , , , Last modified: December 12, 2022