John Correnti, formerly of AXA Advisors, Barred from Securities Industry
Have you lost money with financial advisor John Correnti of Cleveland, Ohio? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against John P. Correnti. FINRA barred Correnti from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Correnti to determine whether he “engaged in undisclosed outside business activities and committed other violations of FINRA Rules and the federal securities laws”.
John Correnti was a financial advisor and registered representative of AXA Advisors from October 2015 to July 2016. He was also affiliated with Forest Securities from May 2015 to October 2015; and with MVP Financial from June 2007 to September 2015. He worked at branch offices in Cleveland and Shaker Heights, Ohio. Correnti was discharged by AXA Advisors in July 2016 regarding allegations of “his apparent involvement in the possible market manipulation of a low priced security”, often referred to as “penny stocks”.
Brokerage firms like AXA Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle, Washington area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Ohio and the Cleveland area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including AXA Advisors.
Click to view: Correnti, John FINRA AWC
Click to view: Correnti, John BrokerCheck 8.24.17
If you lost money with John Correnti or AXA Advisors, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.