Sam Paolini — Customer Conversion

Sam Peter Paolini Allegedly Converted $7,000 from a Customer

Sam Paolini allegedly converted $7,000 from a customer, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Jason Kane and James Booker.

Investors who believe they may have lost money in activity related to Sam Paolini’s alleged customer conversion of $7,000 are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Sam Paolini’s alleged customer conversion of $7,000.

Paolini, on or about January 27, 2017, and while registered with Horner Townsend, was allegedly given $7,000 by a prospective customer for the purported purposes of making an investment, according to the aforementioned AWC.

Paolini allegedly told said customer that he was unsure to whom the check should be made payable, and hence, the customer purportedly left the payee line blank, the AWC notes.

Paolini, rather than applying the check to the investment he had discussed with the customer allegedly wrote his own name on the payee line, endorsed and cashed the check, and then also purportedly kept the funds for his own use, the AWC notes.

Sam Peter Paolini Barred by FINRA from Associating with any FINRA Member in any Capacity

Sam Paolini, based on the aforementioned behavior, allegedly violated FINRA Rules and hence has been barred from associating with any FINRA member in any capacity, according to the aforementioned AWC currently being examined by attorneys Jason Kane and James Booker.

Sam Paolini was reportedly first registered with a FINRA member firm in August 2012, and, from January 2015 through September 2017, Paolini was allegedly registered with Horner, Townsend & Kent, Inc. as a General Securities Representative, according to said AWC.

Sam Paolini, while registered with Horner TownSend, was allegedly terminated by Form U5 filed on September 25, 2017, and he has not been registered or associated with a member firm since that time, the AWC reports.

Although Paolini is purportedly no longer associated with a FINRA member firm, FINRA retains jurisdiction over him pursuant to FINRA’s By-Laws, the AWC states.

Finally, one should also note that, according to the AWC, Sam Peter Paolini neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Sam Paolini’s alleged customer conversion of $7,000. 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 Sam Paolini’s alleged customer conversion of $7,000 may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com

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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.