Jason Pintus Barred by FINRA Following Churning Allegations

Jason Pintus (CRD #: 5239408), a broker registered with Monmouth Capital Management, allegedly executed an excessive number of trades in a client’s account, according to his BrokerCheck record, accessed on June 6, 2023. Read on if you have questions about his alleged conduct as a broker.

Bar by FINRA

On May 8, 2023, Jason Pintus consented to the entry of findings that he allegedly refused to appear for on-the-record testimony requested by FINRA.

FINRA was allegedly investigating his role in the following allegations:

• The potential falsification of documents produced in response to FINRA Rule 8210 requests
• Supervision of Representative A
• Supervision of third-party wires for anti-money laundering red flags
• Supervision of other brokers’ potential excessive trading
• Potentially engaging in excessive and unauthorized trading himself

FINRA Rule 2010

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

FINRA Rule 8210

FINRA Rule 8210 requires members to submit their books and records for inspection and to appear for testimony in connection with FINRA investigations.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish supervisory systems to ensure their compliance with securities regulations. Firms must appoint supervisors and provide them with Written Supervisory Procedures (WSPs) to follow.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles contain information such as investors’ risk tolerance, age, and financial goals.

Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

FINRA Rule 3260

FINRA Rule 3260 prohibits brokers from conducting discretionary trading outside of accounts approved in advance by their client and firm.

Sanctions

On May 8, 2023, Jason Pintus was permanently barred by FINRA.

You can read the full AWC here.

Resignation from Monmouth Capital Management

On April 21, 2023, Jason Pintus resigned from Monmouth Capital Management while under investigation by FINRA.

Background Information

Jason Pintus has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• Series 99TO – Operations Professional Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 24 – General Securities Principal Examination

In the past, he worked for the following firms:

• Monmouth Capital Management (CRD#:290248)
• MML Investors Services (CRD#:10409)
• Legend Securities (CRD#:44952)

Kurta Law Can Help

If you worked with Jason Pintus and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.