John N. Furkioti—Outside Business Activity

investors rights attorneysJohn N. Furkioti Allegedly Approved the Participation of a First American Securities, Inc. Rep in a Private Offering as an “Outside Business Activity” Rather than as a Private Securities Transaction

John N. Furkioti allegedly approved the participation of a First American Securities, Inc. rep, known only as TB, in a private offering as an “outside business activity” rather than as a private securities transaction, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

TB was allegedly presented with an exclusive opportunity to sell debt units of a private offering being conducted by an entity owned by a person, known only as CP, associated with the BD – First American Securities, the aforementioned AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating John N. Furkioti’s alleged approval of a private offering as an “outside business activity” rather than as a private securities transaction.

John N. Furkioti Suspended and Fined $10,000 by FINRA; TB, as a Part of the Offering, Allegedly Sold $1.645 Million in Short-term and Medium-term Notes to 20 First American Customers and Received $189,000 in Commissions

TB, as a part of the offering, allegedly sold $1.645 million in short-term and medium-term notes to 20 First American customers and received $189,000 in commissions, according to the aforementioned AWC currently under review by attorneys Alan Rosca and Joe Peiffer.

As a result of the aforementioned behavior, Furkioti allegedly violated NASD and FINRA Rules and deferred a fine of $10,000 and a one month suspension from associating with any FINRA registered firm in a principal capacity.

One should also note that, according to the AWC, John N. Furkioti 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 alleged mislabeling of private securities transactions, and are currently investigating John N. Furkioti’s alleged approval of the participation of a private offering as an “outside business activity” rather than as a private securities transaction.  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 N. Furkioti’s alleged approval of the participation of a private offering as an “outside business activity” rather than as a private securities transaction may 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.

Alan Rosca (1157 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.