Joseph Civiletti Allegedly Facing a FINRA Suspension
Joseph Civiletti (CRD #: 2246140), a previously registered broker with Ameriprise Financial Services, is the subject of a FINRA fine and suspension. This disclosure appears in his BrokerCheck record, accessed on September 1, 2023. Details concerning this disclosure are provided below.
On July 7, 2023, Joseph Civiletti entered into an Acceptance, Waiver, and Consent agreement in which he consented to the findings that he failed to notify his member firm of compensation he received as part of an outside business activity. He allegedly agreed to serve as power of attorney for his mother and father and informed his firm of this outside business. He also allegedly stated he would receive no compensation only to transfer two checks from his parents’ accounts to accounts he controlled. According to the AWC, Joseph Civiletti admitted these checks were payments for his services as power of attorney.
FINRA Rule 3270
FINRA Rule 3270 requires brokers to disclose to their firm any business activities they engage in outside it, including any compensation they expect to receive.
Regulatory Action
As part of the terms of the AWC, Joseph Civiletti consented to a fine of $5,000 and a two-month suspension. You can read a copy of the AWC here.
Background Information
Joseph Civiletti 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
Joseph Civietti has registered with the following firms:
- Ameriprise Financial Services (CRD #: 6363)
- Ameriprise Advisor Services (CRD #: 5979)
- UBS Financial Services (CRD #: 8174)
- Prudential Securities Incorporated (CRD #: 7471)
Kurta Law Can Help
If you worked with Joseph Civiletti and 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 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.
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