Broker/Dealer and Account Executive Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq.

December, 2010:

Jason Michael Mutascio (CRD #4156832, Registered Rep., Aventura, Florida) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Mutascio consented to the described sanction and to the entry of findings that he falsified multiple third-party wire request forms, submitted the falsified forms to his member firm, and obtained and exercised control over at least $52,500 in funds from a customer’s account without the customer’s knowledge or authorization. The findings stated that Mutascio’s submission of the falsified wire requests caused the firm’s books and records to be inaccurate. The findings also stated that Mutascio failed to appear and testify for a FINRA on-the-record interview. (FINRA Case #2009017814901).