John Phillip Correnti (John Correnti) Fired by AXA Advisors LLC and Barred from Securities Industry – Goodman & Nekvasil P.A., May Recover Investor Losses

Goodman & Nekvasil P.A., May Recover Investor Losses - John Phillip Correnti (John Correnti) Fired by AXA Advisors LLC and Barred from Securities Industry 

From October 2015 until John Correnti’s firing in July 2016, John Correnti was licensed with AXA Advisors LLC. John Correnti was previously licensed with Forest Securities, Inc., Arive Capital Markets and MVP Financial, LLC. According to FINRA’s records, John Correnti was fired by AXA Advisors LLC on July 26, 2016. AXA Advisors LLC reported to FINRA that John Correnti was terminated due to John Correnti’s apparent involvement in the possible market manipulation of a low-price security.

Subsequent to John Correnti’s firing by AXA Advisors LLC, FINRA investigated John Correnti and brought a disciplinary action against John Correnti. John Correnti was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on August 23, 2017. FINRA reports that in connection with an investigation into whether John Correnti engaged in undisclosed outside business activities and committed other violations of FINRA Rules and the federal securities laws, FINRA Enforcement staff sent requests on January 25, 2017 and May 2, 2017 to John Correnti, pursuant to FINRA Rule 8210, for documents and information. According to FINRA, John Correnti failed to provide complete response to either request. According to FINRA, on June 6, 2017, FINRA staff sent a request to John Correnti, pursuant to FINRA Rule 8210, requiring him to appear for on-the-record testimony. According to FINRA, John Correnti provided some testimony but on July 26, 2017, before the Staff had finished questioning him, John Correnti informed the staff that he would not complete his testimony. Accordingly, John Correnti violated FINRA rules 8210 and 2010.

FINRA also reports that a lawsuit was previously filed involving John Correnti’s conduct with MVP Financial LLC, alleging breach of fiduciary duty, negligence, negligent misrepresentation, fraud, violation of Ohio revised code concerning the conduct of an investment adviser in Ohio and breach of contract. This lawsuit was settled.

If you lost any money on investments with John Correnti, you may be able to recover your losses from AXA Advisors, LLC, Forest Securities, Inc., Arive Capital Markets and/or MVP Financial, LLC. This is because AXA Advisors LLC, Forest Securities, Inc., Arive Capital Markets and MVP Financial, LLC had a duty to supervise John Correnti.  

If you lost money on investments with John Correnti and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against AXA Advisors, LLC, Forest Securities, Inc., Arive Capital Markets and/or MVP Financial, LLC concerning John Correnti’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.

Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with John Correnti and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.  

 

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