SUSAN B LAULETTA - Investment Adviser

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Individual
Firm

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Detailed ReportReport

SUSAN B LAULETTA

CRD#: 2655117

Previous Investment Adviser

Previous Broker

BARRED BY FINRA OR THE SEC

FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.

The representative was previously registered both as an investment adviser and as a broker. Visit BrokerCheck for more information on this individual's Broker record. Go to BrokerCheck Site

Licenses

Licenses

0 Licenses

Registration History

Disclosure(s)

View By:

3/7/2012

Regulatory

Final

Initiated By

FINRA

Allegations

FINRA RULES 2010, 8210: AS AN AGENCY COMPLIANCE OFFICER FOR HER FIRM'S BRANCH, LAULETTA FAILED TO MEET THE REQUISITE STANDARDS OF COMMERCIAL HONOR AND PRINCIPLES OF TRADE BY FAILING TO REPORT, INVESTIGATE, OR TAKE OTHER ACTION WHEN SHE LEARNED THAT A REGISTERED REPRESENTATIVE HAD ENGAGED IN SELLING AWAY AND WAS INVOLVED IN THE RELATED COMMISSION-HIDING SCHEME. FURTHER, LAULETTA FAILED TO REPORT, INVESTIGATE, OR TAKE OTHER ACTION UPON HEARING THE REPRESENTATIVE INSTRUCT ANOTHER REGISTERED REPRESENTATIVE TO MISLEAD THE FIRM ABOUT HIS SELLING-AWAY ACTIVITIES. FINALLY, WHEN RESPONDING TO A FIRM QUESTIONNAIRE ABOUT THE SELLING AWAY, LAULETTA OMITTED MATERIAL INFORMATION OF WHICH SHE WAS AWARE THAT A COMMISSION-HIDING SCHEME EXISTED, THAT THE SELLING-AWAY ACTIVITIES INVOLVED MORE THAN THE TWO REPRESENTATIVES SHE NAMED IN HER RESPONSE, AND THAT IT INVOLVED THE FIRST REPRESENTATIVE AS WELL. LAULETTA APPEARED FOR SWORN ON-THE-RECORD TESTIMONY WITH FINRA AND PROVIDED FALSE TESTIMONY TO FINRA. LAULETTA FALSELY TESTIFIED THAT, DURING A CALL WITH A REGISTERED REPRESENTATIVE, ANOTHER REPRESENTATIVE DID NOT MAKE ANY SUGGESTIONS TO THE REPRESENTATIVE ABOUT WHAT THE REPRESENTATIVE SHOULD DISCLOSE TO LAULETTA'S MEMBER FIRM ABOUT AN INVESTMENT COMPANY. LAULETTA FALSELY TESTIFIED THAT, DURING THE CALL WITH THE OTHER REPRESENTATIVE, THE REPRESENTATIVE DID NOT INDICATE ANYONE ELSE FROM AN INSURANCE AGENCY, WHICH HOME OFFICE WAS AN OFFICE OF SUPERVISORY JURISDICTION FOR HER FIRM, WAS INVOLVED IN THE INVESTMENT COMPANY. LAULETTA ALSO FALSELY TESTIFIED THAT SHE NEVER SAID, DURING THE CALL, THAT SHE "DIDN'T HEAR" A REGISTERED REPRESENTATIVE'S DIRECTIVE TO ANOTHER REGISTERED REPRESENTATIVE TO MISLEAD HER FIRM, OR THAT SHE WAS "LEAVING THE ROOM."

Resolution

Decision & Order of Offer of Settlement

Bar

Bar (Permanent)

Registration Capacities Affected

All Capacities

Duration

Indefinite

Start Date

12/10/2012

Regulator Statement

WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, LAULETTA CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS; THEREFORE, SHE IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY.

Previous Registration(s)

th hidden text	th hidden text	Name	Location
IA	06/07/2004 - 06/25/2012	N.N.A.I.A (CRD#:114164)	WOODBURY, NY
IA	10/22/2010 - 02/08/2011	CAPITAL INVESTMENT ADVISORY SERVICES, LLC (CRD#:149124)	RALEIGH, NC
IA	10/22/2010 - 02/08/2011	CIC ADVISERS, LLC (CRD#:130735)	RALEIGH, NC
IA	09/08/2006 - 04/01/2010	PARK AVENUE SECURITIES LLC (CRD#:46173)	WOODBURY, NY

N.N.A.I.A (CRD#:114164)

WOODBURY, NY

06/07/2004 - 06/25/2012

CAPITAL INVESTMENT ADVISORY SERVICES, LLC (CRD#:149124)

RALEIGH, NC

10/22/2010 - 02/08/2011

CIC ADVISERS, LLC (CRD#:130735)

RALEIGH, NC

10/22/2010 - 02/08/2011

PARK AVENUE SECURITIES LLC (CRD#:46173)

WOODBURY, NY

09/08/2006 - 04/01/2010

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Broker

A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.

Investment Adviser

An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.

Disclosures

Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.