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Written by 1:56 pm Blog, Securities Fraud Articles

Charles James Moni fined and suspended from FINRA

FINRA recently announced that Charles James Moni, a financial advisor formerly registered with Jesup & Lamont Securities Corp, a FINRA broker-dealer based in Edison, New Jersey, has been fined $39,013, which includes disgorgement of $29,013 representing commissions received, and suspended from association with any FINRA member in any capacity for six months. Without admitting or denying the findings, Moni consented to the described sanctions and to the entry of findings that he recommended and executed an unsuitable investment strategy in an elderly beneficiary’s trust account that significantly increased the level of volatility in the account, amplified the risk of loss and increased costs.

According to his FINRA Broker Report (CRD), prior to working as a financial advisor at Jesup & Lamont Securities, Charles James Moni was a registered representative with Legg Mason Wood Walker, a FINRA registered broker-dealer based in Baltimore, Maryland, and Tucker Anthony, Incorporated, a FINRA registered broker-dealer based in Boston, Massachusetts.

If you have questions regarding investments you made with Charles James Moni, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. The firm has over 30 years of experience reviewing securities fraud claims and handles matters throughout the country and New Jersey, including reviewing securities fraud cases in Princeton, Edison, Newark, Trenton, and Clifton. To contact the firm, please call 312-238-9650. Or, for more information on The White Law Group, please visit our website at https://whitesecuritieslaw.com.

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