FINRA

RESPONDENT LODOVICO FAILED TO RESPOND TO FINRA REQUEST FOR INFORMATION.

LETTER

Bar (Permanent)

All Capacities

Indefinite

8/18/2014

PURSUANT TO FINRA RULE 9552(H) AND IN ACCORDANCE WITH FINRA'S INTENT TO SUSPEND AND NOTICE OF SUSPENSION LETTERS DATED MAY 14, 2014 AND JUNE 9, 2014, RESPECTIVELY, ON AUGUST 18, 2014 LODOVICO IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY. RESPONDENT FAILED TO REQUEST TERMINATION OF HIS SUSPENSION WITHIN THREE MONTHS OF THE DATE OF THE NOTICE OF INTENT TO SUSPEND; THEREFORE, HE IS AUTOMATICALLY BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY. ON SEPTEMBER 17, 2014, THIS MATTER WAS APPEALED TO THE SEC. SEC ADMIN RELEASE 34-73748, DECEMBER 4, 2014: THE SEC DISMISSED LODOVICO'S APPLICATION FOR REVIEW BECAUSE HE FAILED TO EXHAUST FINRA ADMINISTRATIVE REMEDIES BEFORE SEEKING RELIEF FROM THE COMMISSION.

PENNSYLVANIA CONTACT: COUNSEL JACK CHIAPPETTA (412)-565-3646

GERALD J. LODOVICO (LODOVICO) OFFERED FOR SALE INTERESTS THAT WERE NEITHER REGISTERED NOR EXEMPT FROM REGISTRATION IN PA PURSUANT TO THE REGISTRATION PROVISIONS OF THE PA SECURITIES ACT OF 1972 AND ENGAGED IN DISHONEST AND UNETHICAL PRACTICES IN THE SECURITIES BUSINESS OR TOOK UNFAIR ADVANTAGE OF A CUSTOMER BY FAILING TO ADHERE TO THE CONDITIONS PLACED UPON HIS OUTSIDE BUSINESS ACTIVITY.

Settled

Bar (Temporary/Time Limited)

SEE ITEM NO. 13.B.

ONE YEAR

4/18/2014

4/18/2015

Civil and Administrative Penalty(ies)/Fine(s)

$2,500.00

Suspension

SEE ITEM NO. 13.B.

ONE YEAR

4/18/2014

4/18/2015

THE DEPARTMENT SUSPENDS THE AGENT AND INVESTMENT ADVISER REPRESENTATIVE REGISTRATION OF LODOVICO FOR A PERIOD OF ONE YEAR. THE DEPARTMENT BARS LODOVICO FOR A PERIOD OF ONE YEAR FROM THE DATE OF EXECUTION OF THIS ORDER FROM REPRESENTING AN ISSUER OFFERING OR SELLING SECURITIES IN PA; AND FROM ACTING AS A PROMOTER, OFFICER, DIRECTOR OR PARTNER OF AN ISSUER OFFERING OR SELLING SECURITIES IN PA OR OF A PERSON WHO CONTROLS OR IS CONTROLLED BY SUCH ISSUER. THE DEPARTMENT ORDERS LODOVICO TO PAY A $2,500.00 ADMINISTRATIVE ASSESSMENT WITHIN 60 DAYS OF THE EFFECTIVE DATE OF THIS ORDER.