GOODMAN & NEKVASIL, P.A. MAY RECOVER YOUR LOSSES – RICHARD F. DIVENUTO BARRED FROM SECURITIES INDUSTRY
Morgan Stanley Smith Barney, LLC reported to FINRA that Richard DiVenuto was fired on February 21, 2013 because of concerns relating to his involvement with an outside company named MYOS Corporation (formerly Atlas Therapeutics).
Richard DiVenuto subsequently consented to a bar from the securities and investment banking industry by the Financial Industry Regulatory Authority (“FINRA”). Richard DiVenuto consented to findings by FINRA that he willfully made misrepresentations and omissions to an individual in connection with the individual’s purchase of an outside business entity’s stock in exchange for the intellectual property rights to a non-securities product owned by the individual. Richard DiVenuto consented to a finding that Richard DiVenuto violated Section 10(b) of the Securities Exchange Act of 1934, Rule 10b-5 promulgated thereunder, and FINRA Rules 2020 and 2010. Richard DiVenuto also consented to findings that Richard DiVenuto participated in private securities transactions exceeding $3,775,000 without providing written notice to the firm about them, nor did he seek or obtain the firm’s permission to participate in them. Richard F. DiVenuto consented to findings that Richard DiVenuto falsely represented on two firm compliance questionnaires and another firm compliance-related document that he had not, among other things, participated in an outside business activity or private securities transaction.
If you lost money on investments with Richard DiVenuto while he was employed with Morgan Stanley Smith Barney, LLC you may be able to recover your investment losses from Morgan Stanley Smith Barney, LLC. This is because Morgan Stanley Smith Barney, LLC had a duty to supervise Richard DiVenuto.
We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Morgan Stanley Smith Barney, LLC concerning Richard DiVenuto’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 $170 million on behalf of victimized investors. If you lost money on investments with Richard DiVenuto, 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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