Louis Tomasello III (CRD # 2260987, Registered Representative, Salem, New Hampshire) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Tomasello consented to the described sanction and to the entry of findings that he misappropriated $5,716 from his member firm by submitting false and misleading invoices and expense reports to the firm and improperly seeking and receiving reimbursement for bogus charges by claiming them as legitimate business expenses. The findings stated that by submitting the false and misleading invoices and expense reports, Tomasello caused his member firm to have false and inaccurate books and records. The findings also stated that Tomasello provided gifts in excess of $100 to registered representatives at another firm. The findings included that Tomasello provided false testimony and failed to provide requested documents to FINRA staff. (FINRA Case # 2006004832901)

We take cases on a purely contingency fee basis against brokerage firms who employ brokers committing misconduct of this nature. Please contact us for a free evaluation.