Robert DePalo – Excessive Commissions Charges

New Orleans investment fraud attorneyRobert P. DePalo and Arjent LLC Allegedly Charged Excessive Commissions in Equity Trades and Purportedly Violated AML “Know Your Customer” Requirements

Robert P. DePalo, of Greenwich, Connecticut, is the CEO and President of Arjent LLC, a firm which allegedly charged excessive commissions in equity trades, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Arjent LLC also allegedly violated stipulations of AML’s “Know Your Customer” Policy in regards to certain bond trades, the aforementioned AWC also reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Robert P. DePalo and Arjent LLC’s alleged charging of excessive commissions.

DePalo and Arjent LLC Allegedly Diverted Funds from Bond Issuers to DePalo or Entities He was Affiliated with or Owned; DePalo Barred by FINRA.

Robert P. DePalo allegedly diverted funds from certain bond trades to entities that he owned or was affiliated with, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

DePalo has allegedly been served six letters by FINRA since 2015 requesting that he provide recorded testimony regarding a FINRA investigation into whether DePalo had been charging customers excessive commissions.

Robert P. DePalo has been barred by FINRA from associating with any FINRA member firm in any capacity for allegedly failing to provide testimony requested pursuant to FINRA Rules and has been ordered to pay costs in the amount of $3,336.41, which also includes a $750 administrative fee and the cost of the hearing transcript, the AWC also reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged excessive commissions and are currently investigating Robert P. DePalo alleged overcharging of commissions. 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 Robert P. DePalo alleged overcharging of commissions 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.

Alan Rosca (1252 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.