Financial Advisor Jason Pintus Barred by FINRA

• May 31, 2023
• Monmouth Capital Management

Jason Pintus (CRD#: 5239408) is a previously registered Broker.

Broker’s Background

He entered the securities industry in 2009 and previously worked for Monmouth Capital Management, LLC; MML Investors Services, LLC; and Legend Securities, Inc.

Current And Past Allegations Of Conduct Leading To Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in May 2023, FINRA sanctioned Jason Pintus, barring him permanently from all capacities, indefinitely, beginning May 8, 2023. The FINRA sanction states, “Without admitting or denying the findings, Pintus consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation into his and his member firm’s supervision of a registered representative. The findings stated that FINRA sought to investigate, among other issues, Pintus’ role in the potential falsification of documents produced to FINRA; supervision of the representative; supervision of third-party wires for AML red flags; supervision of other firm representatives’ potential excessive trading; and Pintus’ own potential excessive and unauthorized trading.”

For a copy of the FINRA sanction, click here.

Jason Pintus has no additional disciplinary history. For a copy of Jason Pintus’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

FINRA regulations require that a customer’s written authorization is required before a broker-dealer can carry out transactions in the customer’s account. In addition, the broker-dealer’s member firm needs to approve the broker-dealer’s authorization. These measures are intended to protect the customer. Discretionary trading allows the broker-dealer to unilaterally decide to buy or sell securities at any price and not have to check with the client first. Exercising discretion without authorization can be costly to investors, and broker-dealers and their member firms, too.

In addition, to the extent a Financial Advisor converts client assets during the course and scope of his employment and/or registration with the brokerage firm, that brokerage firm may be held liable for any attendant losses.

The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, P.A., is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.