Frank Bodi Suspended by FINRA for Alleged Unauthorized Trading

Frank Bodi (CRD #: 1107838), a broker formerly registered with Landolt Securities, allegedly executed trades without investor authorization, according to his BrokerCheck record, accessed on April 15, 2025. Read on to learn more about his alleged conduct as a broker.

FINRA Suspension

On January 30, 2025, Frank Bodi consented to the entry of findings that he allegedly executed 61 transactions in three customer accounts between September 2022 and June 2023 without prior written authorization.

According to a Letter of Acceptance, Waiver & Consent (AWC), Frank Bodi had allegedly discussed these trades with the investors, but did not receive authorization to effect the trades on the specific days he executed them. Further, Landolt Securities had allegedly not accepted these accounts as discretionary.

The AWC concluded that these allegations constituted violations of FINRA Rules 3260(b) and 2010.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must also be approved by the firm before this trading can occur.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Frank Bodi consented to the following sanctions:

• One-month suspension from associating with FINRA members
• $7,500 fine

His suspension ran from February 3 to March 2, 2025. You can read the full AWC here.

Termination from Landolt Securities

On February 16, 2024, Landolt Securities fired Frank Bodi following allegations that he had violated firm policies with off-channel communications. Off-channel communications are not allowed because they inhibit a firm’s ability to supervise its brokers.

FINRA Suspension 

On December 21, 2016, Frank Bodi consented to the entry of findings that he allegedly executed discretionary trades in at least ten customer accounts without written authorization between October 2013 and September 2014.

According to an AWC, Coastal Equities had allegedly not accepted these accounts as discretionary.

The AWC concluded that these allegations constituted violations of NASD 2510(b) and FINRA Rule 2010. 

Sanctions

Frank Bodi consented to the following sanctions:

• 15-day suspension
•  $5,000 fine

His suspension ran from January 17 to February 6, 2017. You can read a copy of the AWC here.

Background Information 

Frank Bodi has passed the following exams:

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination

During his 42 years of experience, he has registered with ten firms: 

• Landolt Securities (CRD #: 28352) 
• IFS Securities (CRD #: 40375) 
• Coastal Equities (CRD #: 23769) 
• Fintegra (CRD #: 16741) 
• Capital City Securities (CRD #: 146001) 
• Interocean Securities (CRD #: 141077) 
• Prim Securities (CRD #: 30504) 
• UBS Painewebber (CRD #: 8174) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• Portfolio Securities Transactions Corporation (CRD #: 3928) 

Kurta Law Can Help 

If you have worked with Frank Bodi and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.