Eugene Giaquinto Barred from the Securities Industry After Regulators Investigated Possible Unlawful Trading Activity
Eugene Charles Giaquinto, formerly registered with Lightspeed Trading, LLC, is barred from the securities industry by the Financial Industry Regulatory Authority (“FINRA”) in connection with allegations that individuals associated with Lightspeed were operating as unregistered broker-dealers and improperly sharing commissions with unregistered individuals, according to a default decision issued by FINRA’s Office of Hearing Officers.
The Peiffer Rosca securities practice attorneys Alan Rosca and Joe Peiffer are currently investigating the matter.
FINRA staff sought information from Giaquinto because he was suspected to have operated one of the unregistered broker-dealers identified in the investigation, according to the decision.
FINRA was also investigating possible unlawful trading activity using accounts affiliated with an unregistered entity Giaquinto owned, according to the decision.
Giaquinto provided partial responses to FINRA’s request for information and then refused to appear for an on-the-record interview, according to the decision.
As a result of allegedly failing to provide full responses to FINRA’s requests for information and refusing to appear for an interview, FINRA’s Office of Hearing Officers barred Giaquinto from the securities industry.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.