Tag: Chris Fulco barred by FINRA

FINRA Takes Action Against New York Broker Chris Fulco for Participating in Sales Without Firm’s Approval

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.