Kevin Zappia Fined by FINRA Following Unsolicited Trade Allegations
Kevin Zappia (CRD #: 1360824) was suspended by FINRA on October 25, 2023. This is according to his BrokerCheck record, accessed on December 11, 2023. Keep reading if you have questions regarding his conduct.
On October 25, 2023, Kevin Zappia entered into an Acceptance, Waiver, and Consent agreement AWC) with FINRA in which he consented to the findings that he caused his member firm to make and preserve inaccurate books and records by mismarking 73 order tickets as unsolicited when the securities transactions were solicited.
Solicited and Unsolicited Trades
FINRA Rule 4511 requires that firms maintain accurate books and records. Solicited trades–meaning the broker selected them for the investor–are subject to firm scrutiny to ensure the recommendations meet applicable securities rules and regulations. It is therefore essential to a firm’s books and records that brokers accurately mark their trades.
Terms of the AWC
As part of the terms of the AWC, Kevin Zappia consented to a 15-business day suspension and a $2,500 fine. You can read a copy of the AWC here.
Background Information
Kevin Zappia has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 6 Investment Company Products / Variable Contracts Representative Examination
He is a registered broker in Florida, New Jersey, New York, and North Carolina.
During his 38 years of experience, Kevin Zappia has registered with the following firms:
- The Investment Center (CRD #: 17839)
- Investors Capital Corp (CRD #: 30613)
- Tower Square Securities (CRD #: 833)
- Advantage Capital Corporation (CRD #: 146)
- Cadaret, Grant & Co. (CRD #: 10641)
- Cadaret, Grant & Co. (CRD #: 16404)
- Travelers Equities Sales (CRD #: 833)
Kurta Law Can Help
If you have worked with Kevin Zappia 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.
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