John Correnti— Alleged Undisclosed Outside Business Activities

investment fraud attorney ClevelandJohn P. Correnti, of Cleveland, Ohio, Allegedly Engaged in Outside Business Activities

John Correnti, of Cleveland, Ohio, allegedly engaged in outside business activities, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to John Correnti’s alleged undisclosed outside business activities are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating John Correnti’s alleged undisclosed outside business activities.

Correnti worked at AXA Advisors in Cleveland, Ohio, and was reportedly terminated by the firm in July of 2016 “due to his apparent involvement in the possible market manipulation of a low price security”, according to his FINRA BrokerCheck Report. Correnti had worked for less than a year with AXA, FINRA notes.

Correnti’s FINRA BrokerCheck also reveals that on December 4, 2012, a customer initiated investment related civil action involving Correnti’s alleged conduct which was settled for $14,990.00 in damages, where the customer’s claim was rooted in allegations of breach of contract, misrepresentation, negligence, breach of fiduciary duty, and fraud pertaining to the customer’s investments in financial futures and commodity futures.

Correnti’s activities were investigated to make a determination into possible federal securities laws violations in addition to violations of FINRA rules, according to the AWC.

John Correnti Barred by FINRA for failing to provide testimony and documents connected with an investigation into possible rule violations.

John Correnti allegedly failed to provide complete responses to FINRA’s requests for documents and information and provided incomplete on-the-record testimony in connection with an investigation into whether he engaged in undisclosed outside business activities, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

John Correnti, based on the foregoing behavior, allegedly violated FINRA Rules and therefore has been barred by FINRA from association with any FINRA member in any capacity, the AWC reports.

Correnti began his securities career in 2007 at MVP Financial and moved to Forest Securities in 2015, and then joined AXA Advisors later that year, the AWC notes.

One should also note that, according to the AWC, John Correnti neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating  John Correnti’s alleged undisclosed outside business activities. 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 John Correnti’s alleged undisclosed outside business activities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

 

Alan Rosca (1214 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.