UPDATE 4/11/2020: According to FINRA’s February 2020 Disciplinary Actions: “John Charles Carneglia (CRD #4404911, Huntington, New York) December 20, 2019 – An AWC was issued in which Carneglia was fined $15,000 and suspended from association with any FINRA member in all capacities for two months. Without admitting or denying the findings, Carneglia consented to the sanctions and to the entry of findings that he failed to notify his member firm that he had a financial and beneficial interest in a brokerage account held by his wife at another firm. The findings stated that Carneglia never notified the firm that held his wife’s account of his association with his firm. Carneglia also inaccurately represented on his firm’s compliance certifications that he had disclosed all brokerage accounts to it. The findings also stated that Carneglia failed to notify his firm of an outside business activity wherein he was a member of a limited liability company that owned an income-generating rental property. Carneglia inaccurately represented on firm compliance certifications that he was not engaged in outside business activities. The suspension is in effect from January 20, 2020, through March 19, 2020. (FINRA Case #2018058061801)”
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with John Carneglia. If you suffered losses investing with John Carneglia, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
John Carneglia (CRD# 4404911)
As of April 12, 2020, John Carneglia’s FINRA BrokerCheck Report contains the following:
Disclosure Events
1 Regulatory Event(s)
1 Employment Separation After Allegations
Current and Previous Registrations
03/25/2019 – PRESENT COWEN EXECUTION SERVICES LLC (CRD#:35693) NY, NY
07/15/2019 – 11/27/2019 ATM EXECUTION LLC (CRD#:122529) NEW YORK, NY
11/06/2006 – 02/21/2019 BNP PARIBAS SECURITIES CORP. (CRD#:15794) NEW YORK, NY
03/09/2009 – 07/19/2018 BNP PARIBAS PRIME BROKERAGE, INC. (CRD#:24962) NEW YORK, NY
06/08/2004 – 11/15/2006 DEUTSCHE BANK SECURITIES INC. (CRD#:2525) NEW YORK, NY
07/27/2001 – 10/10/2002 MORGAN STANLEY DW INC. (CRD#:7556) PURCHASE, NY
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with John Carneglia and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
