Stephen Paul Florio – Financial Advisor/Broker Stephen Paul Florio Suspended from the Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Stephen Paul Florio was a previously licensed financial advisor with Merrill Lynch. FINRA reports that Stephen Paul Florio was suspended from the securities industry for 21 months beginning in June 2020.
According to FINRA Allegations:
Florio consented to the sanctions and to the entry of findings that he exercised discretion without written authorization in a customer’s account. The findings stated that due to the customer’s business and travel schedule, the customer orally authorized Florio to exercise discretion in the account. Florio, however, did not have the customer’s written authorization to exercise discretion, nor was the account approved for discretion by his member firm. Florio also incorrectly answered “no” when asked, in two firm annual compliance questionnaires, whether he exercised discretion in any customer’s account.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Stephen Paul Florio 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 Stephen Paul Florio’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 Stephen Paul Florio 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.
Some of the information in this blog post was obtained on 8/21/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.