According to FINRA’s Disciplinary and other FINRA Actions publication, New York Broker Chris Fulco of vFinance Investments, Inc. was barred by FINRA for his involvement in sales of a non-public company’s shares away from his member firm without approval.
FINRA found that Fulco solicited the sale of US Coal shares away from the firm. Fulco allegedly conveyed to the buyer, either directly or indirectly, a stock purchase agreement with wiring instructions. As a result of facilitating such transactions, FINRA affirms that Fulco received wires transfers totaling $601,159.
Fulco allegedly lied to FINRA regarding his involvement in these sales by falsely testifying that the wire transfers he received were not payments relating to the transactions. Fulco also reportedly encouraged the primary seller of US Coal securities not to appear for his scheduled testimony or, if he did, to falsely testify about the transactions in order to support Fulco’s false testimony.
Chris Fulco was an acting broker for 10 years and has been registered with the following securities firms:
CHELSEA FINANCIAL SERVICES
CRD #47770
STATEN ISLAND, NY
06/2013 – 11/2013
AVENIR FINANCIAL GROUP
CRD #148490
NEW YORK, NY
10/2012 – 04/2013
JOHN CARRIS INVESTMENTS, LLC
CRD #145767
HOBOKEN, NJ
06/2012 – 10/2011
OLSON, CROSS & ALAMO, LLC
CRD #157249
NEW YORK, NY
02/2012 – 04/2012
CALDWELL INTERNATIONAL SECURITIES
CRD #104323
FISCHER, TX
04/2011 – 12/2011
CHARLES MORGAN SECURITES, INC.
CRD #138887
NEW YORK, NY
07/2010 – 02/2011
VFINANCE INVESTMENTS, INC.
CRD #44962
NEW YORK, NY
06/2007 – 06/2010
BRILL SECURITIES, INC.
CRD #18565
NEW YORK, NY
06/2006 – 06/2007
CLARK DODGE & CO., INC.
CRD #23288
NEW YORK, NY
02/2006 – 06/2006
GREAT EASTERN SECURITIES, INC.
CRD #2061
NEW YORK, NY
07/2005 – 02/2006
ROYAL ALLIANCE ASSOCIATES, INC.
CRD #23131
NEW YORK, NY
06/2005 – 07/2005
INDEPENDENT SECURITES INVESTORS CORPORATION
CRD #43598
CHIPLEY, FL
11/2014 – 05/2005
J.P. TURNER & COMPANY, L.L.C.
CRD #43177
ATLANTA, GA
06/2004 – 12/2004
NATIONAL SECURITIES CORPORATION
CRD #7569
SEATTLE, WA
09/2003 – 06/2004
BISHOP, ROSEN & CO., INC.
CRD #1248
NEW YORK, NY
04/2003 – 08/2003
LEGEND SECURITIES, INC.
CRD #44952
NEW YORK, NY
10/2002 – 04/2003
FIRST MONTAUK SECURITIES CORP.
CRD #13755
RED BANK, NJ
04/2002 – 10/2002
The Hanley Law is dedicated to helping investors who have been victims of securities fraud. If you have lost money as a result of your broker’s or brokerage firm’s misconduct, you may be able to recover your investment losses. Contact our office toll free at (239) 649-0050 for a free initial consultation.