Michael Tepedino—Failure to Cooperate with FINRA Investigation, Failure to Disclose Outside Business Activity

Michael Tepedino Failed to Cooperate with a FINRA Investigation into His Alleged Undisclosed Outside Business Activity

Michael Tepedino failed to cooperate with a FINRA investigation into his alleged undisclosed outside business activity with Allstate, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). On August 25, 2014, Allstate terminated Tepedino’s employment, according to the AWC.

In addition, the AWC reports, on September 5, 2014, Allstate filed a Uniform Termination Notice for Securities Industry Registration stating that Tepedino was terminated for allegedly operating an independent insurance agency and failing to disclose that agency to Allstate as an outside business activity.

Michael Tepedino Barred by FINRA from Associating with and FINRA Member Firm in Any Capacity

In March of 2015, FINRA began investigating whether Michael Tepedino, while associated with Allstate, had allegedly failed to disclose to Allstate that he was involved in an outside business activity relating to an independent insurance agency, according to the AWC.

Tepedino acknowledged receiving FINRA’s multiple requests, and stated that he would not cooperate with FINRA’s investigation or provide the requested information, the AWC notes.

By refusing to respond to FINRA’s request for documents and information as requested, Tepedino has violated FINRA Rule. As a result, Tepedino has been barred by FINRA in any capacity.

The Peiffer Rosca Wolf Investor Rights Lawyers Working to Help Investors

The Peiffer Rosca Wolf investor rights lawyers often represent investors who lose money as a result of alleged Ponzi schemes. 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 alleged Ponzi schemes may contact the investor rights 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: Michael Tepedino

Status: INVESTIGATED by Peiffer Rosca.

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Alan Rosca (1225 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.