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FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
FINRA has suspended this individual from acting as a broker. Please see the detailed report for more information
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
RESPONDENT MARCO A. CAPORALE FAILED TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO A FINRA REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE.
Resolution
LETTER
Sanctions
Suspension
Registration Capacities Affected
ANY CAPACITY
Duration
N/A
Start Date
6/6/2011
Regulator Statement
PURSUANT TO ARTICLE VI, SECTION 3 OF FINRA BY-LAWS AND FINRA RULE 9554, RESPONDENT CAPORALE IS SUSPENDED JUNE 6, 2011 FOR FAILURE TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO A FINRA REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE.
2/10/2010
Regulatory
Final
Initiated By
FINRA
Allegations
FINRA RULES 2010, 8210: CAPORALE FAILED TO APPEAR FOR AND PROVIDE INVESTIGATIVE TESTIMONY WITH FINRA, AND HE ALSO FAILED TO PROVIDE FINRA WITH REQUESTED DOCUMENTS.
Resolution
Acceptance, Waiver & Consent(AWC)
Bar
Bar (Permanent)
Registration Capacities Affected
All Capacities
Start Date
2/10/2010
Regulator Statement
WITHOUT ADMITTING OR DENYING THE FINDINGS, CAPORALE CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS; THEREFORE, HE IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY.
12/14/2007
Customer Dispute
Award / Judgment
Allegations
CLAIMANTS ALLEGE RR ARRANGED FOR CLAIMANTS TO PURCHASE VACANT LOTS FROM THIRD PARTIES WHO SIMULTANEOUSLY AGREED TO REPURCHASE THE LOTS FROM CLAIMANTS AT A LATER DATE,BETWEEN FEB.2006 AND AUG. 2006.
Damage Amount Requested
$763,368.53
Damages Granted
$530,000.00
License(s)
The broker is not currently registered with any state or SRO.
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.
IA
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.
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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.