South Florida Arbitration & Litigation Lawyer Blog
Broker/Dealer and Investment Advisor Fraud, Mismanagement and Misrepresentation FINRA Aribtration Attorney, Russell L. Forkey, Esq.
December, 2010:
Dante Thomas Garcia DeMiro (CRD #2674582, Registered Principal, Milford, Michigan) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for nine months. The fine must be paid either immediately upon DeMiro’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, DeMiro consented to the described sanctions and to the entry of findings that he engaged in private securities transactions outside the scope of his employment with his firm when he sold $587,000 of promissory notes in a Regulation D offering of an entity to customers. The findings stated that DeMiro did not provide his firm with prior written notice of the sales and did not receive the firm’s written approval or acknowledgement for these sales. The suspension is in effect from November 1, 2010, through July 31, 2011. (FINRA Case #2008012498701)