Broker Investigation – Mark Lamendola – World Capital Brokerage
According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred financial advisor Mark Lamendola from the securities industry.
According to FINRA’s Letter of Acceptance, Wavier & Consent, Lamendola allegedly made misrepresentations to a customer by reportedly fabricating two letters that purported to come from an annuity company regarding the status of the customer’s deposit. Lamendola also allegedly altered the customer’s complaint letter to conceal that he settled away from his employing firm, World Capital Brokerage, Inc.
According to his FINRA BrokerCheck report, Mark Lamendola was a registered representative with World Capital Brokerage Inc. in Cranberry Township, PA from December 2013 until he was discharged in June 2018 when the firm received information in regards to the alleged violations.
Lamendola has 9 disclosure events listed on his broker report including 6 customer complaints, 2 employment separations and 1 other regulatory event.
For FINRA’s full findings see FINRA Case # 2017055262601.
Investigating Potential Claims
The White Law Group is investigating potential claims involving Mark Lamendola and the liability his former employers may have for failing to properly supervise him.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
If you are concerned about your investments with Mark Lamendola, the securities attorneys at The White Law Group may be able to help you.
For a free case evaluation or to discuss any other investment losses, please contact The White Law Group, at 888-637-5510, or visit us on the web at www.whitesecuritieslaw.com.
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.
Tags: Mark Lamendola, Mark Lamendola barred, Mark Lamendola complaints, Mark Lamendola finra, Mark Lamendola investigation, Mark Lamendola lawsuit, Mark Lamendola losses, Mark Lamendola Pennsylvania, Mark Lamendola suspended, Mark Lamendola World Capital Brokerage Last modified: January 14, 2019