Francesco Puccio—Failure to Provide Documents, Customer Fund Conversion

Francesco Puccio Allegedly Converted Funds from a Non-firm Customer

Francesco Puccio, of AXA Advisors and Cambridge Investment Research, allegedly converted funds from a non-firm customer, according to a recent FINRA Letter of Acceptance, Waiver and Consent.

Francesco Puccio, the AWC reports, was a financial advisor and registered representative of Cambridge Investment Research from January 2014 to July 2015, and was also an advisor with AXA Advisors from January 2011 to January 2014.

Francesco Puccio Allegedly Failed to Provide Documents and Information to FINRA, Barred From Associated with Any FINRA-regulated Firm

Francesco Puccio, starting on July 23, 2015, received several letters from FINRA investigating allegations that he converted funds from a non-Firm customer, according to the AWC.

Later, Puccio’s counsel informed staff that Puccio would not be providing the requested documents and information by August 12, 2015 or any other date, the AWC reports.

As a result, Puccio, who worked at branch offices in Pittsford, New York, was barred for failure to provide documents and information requested in connection with an investigation into allegations that he converted funds from a non-Firm customer, the AWC notes.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers are assisting investors who lose money as a result of customer fund conversion. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of customer fund conversion are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Francesco Puccio

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.