Frank Marino – Frank Thomas Marino, Financial Advisor Suspended from Securities Industry

Frank Marino – Frank Thomas Marino, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Frank Marino, Frank Thomas Marino CRD #1828290

Frank Marino formerly licensed with Privex Securities, Inc. and Marv Capital Inc. in California. According to Frank Marino’s CRD, Frank Marino was suspended from the securities industry in August 2018.  

According to FINRA: Frank Marino consented to the sanctions and to the entry of findings that Frank Marino was responsible for the content of an investment-related website that did not comply with FINRA rules regarding communications with the public. The findings stated that Marino was part owner, chairman, and chief executive officer of a corporation formed to manage pooled investments in businesses expected to benefit from the legalization of cannabis (the Company). Marino also was registered with two member firms, and one of the firm’s served as the placement agent for a private placement that was raising capital for the Company. The findings also stated that the Company marketed itself and attracted investors through a website for which Marino participated in creating, approved and published the content. The content displayed on the website did not meet the standards for broker-dealer communications with the public as described in FINRA Rule 2210. More specifically, the Company’s website among other things: contained false and misleading references to the Company’s registration status under the Investment Company Act of 1940; failed to include appropriate risk disclosure necessary to balance the discussion of the benefits of the Company; and included unwarranted suggestions of potential investment returns. The website also inaccurately characterized the Company as a “conglomerate,” made unwarranted claims about further federal or state legalization of cannabis and made unwarranted statements regarding the liquidity of the Company’s securities. The findings also included that FINRA staff expressed to Marino its concerns about the content on the Company’s website, and Marino revised the content to FINRA’s requirements in August 2015. Prior to these revisions, the website had been viewable for approximately five months, and had received thousands of views. The Company raised $970,000, $305,000 of which was raised through the private placement offering for which Marino’s firm served as placement agent.

If you lost money on investments with Frank Marino 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 concerning Frank Marino’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. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Frank Marino 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. 

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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