John P. Correnti Reportedly Failed to Provide Information for FINRA’s Investigation
According to the Financial Industry Regulatory Authority, John P. Correnti (CRD #5319471, Shaker Heights, Ohio) was issued an AWC on August 23, 2017 in which Correnti was barred from association with any FINRA member in all capacities.
Correnti reportedly failed to provide complete responses to FINRA’s requests for documents and information. FINRA states that Correnti provided incomplete on-the-record testimony in connection with an investigation into whether he engaged in undisclosed outside business activities and committed other violations of FINRA rules and federal securities laws.
According to Correnti’s BrokerCheck report, John P. Correnti was registered with AXA Advisors in Cleveland, Ohio from October 2015 until July 2016 when he was terminated for “his apparent involvement in the possible market manipulation of a low price security.” He worked briefly for Forest Securities in 2015. Prior to that, he was associated with MVP Financial in Broadview Heights, Ohio from June 2007 until September 2015. Correnti’s broker report also notes that he filed bankruptcy in October 2012.
For FINRA’s full findings see FINRA Case #2016050822101.
Investigating Potential Claims
The White Law Group is investigating the liability that Correnti’s employers may have for losses sustained by his clients. Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules. If it is determined that the broker dealer failed to supervise their agent, they can be held responsible for losses in a FINRA arbitration claim.
Are you concerned about investment losses with John P. Correnti? The attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. 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 Franklin, Tennessee.
For more information on The White Law Group, please visit www.whitesecuritieslaw.com.
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