Louis Salerno (CRD # 4704237, Registered Representative, Bayside, New York) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Salerno failed to appear to provide testimony at FINRA on-the-record interviews. The findings stated that Salerno exercised discretion in a customer’s account without the customer’s written authorization and his member firm’s acceptance of the account as discretionary. The findings also stated that Salerno sent electronic mail to a firm customer from a personal, unapproved email address and failed to seek or obtain his firm’s permission prior to doing so. The findings included that because of Salerno’s private email account, his firm was unable to review his emails to the customer and Salerno was able to shield his discretionary trading activity from his firm.

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