Frank Bodi Terminated by Landolt Securities

Frank Bodi (CRD #: 1107838) has been fired by Landolt Securities. This is according to his BrokerCheck record, accessed on March 5, 2024. Investors should know that this is the latest disclosure in a string of regulatory actions, customer disputes, and employment separations dating back to 1997. 

Termination 

On February 16, 2024, Landolt Securitie 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 

The most recent regulatory action is from December 21, 2016. According to an Acceptance, Waiver, and Consent agreement (AWC) Frank Bodi effected discretionary trades without written authorization and without firm approval. 

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.

Terms of the AWC 

Frank Bodi consented to a $5,000 fine and a 15-day suspension. 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 39 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 Securtiies (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.