Roseanne Laraine Cimino (CRD #2661885) Has Regulatory and Criminal Disclosures on FINRA BrokerCheck

Roseanne Laraine Cimino (CRD #2661885) is a broker with a regulatory disclosure and a pending criminal disclosure on FINRA BrokerCheck. We reviewed her BrokerCheck report on April 16, 2026. It reflects two disclosure events. If you invested with Roseanne Laraine Cimino and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Roseanne Cimino’s FINRA BrokerCheck Report reflects one regulatory disclosure. A summary of the disclosure is below:

On February 2, 2016, the New York State Department of Financial Services initiated a final regulatory action involving Roseanne Cimino. Roseanne Cimino’s FINRA BrokerCheck Report states that she provided materially incomplete information about a 1985 misdemeanor conviction on insurance licensing applications submitted to New York. The matter ended through a stipulation and consent. She was fined $750.

Criminal Charges

Roseanne Cimino’s FINRA BrokerCheck Report also reflects one pending criminal disclosure. A summary of that disclosure is below:

On February 13, 2026, Roseanne Cimino disclosed a pending felony charge in District Court in Tarrant County, Texas. Roseanne Cimino’s FINRA BrokerCheck Report lists the charge as injury to a child, elderly person, or disabled individual with intent to cause bodily injury, with an offense date of December 1, 2025. BrokerCheck states that no plea had been entered when the report was generated.

Rule Summary #1: FINRA Rule 1122 (Filing of Misleading Information as to Membership or Registration)

FINRA Rule 1122 bars associated persons from filing registration information that is incomplete or inaccurate in a misleading way. That rule matters when a disclosure involves omitted or incomplete information on a licensing or registration filing.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires brokers and firms to observe high standards of commercial honor. Disclosure events that involve misleading information or other serious misconduct often raise questions under that rule.

Why This Matters to Investors (Regulation Best Interest (Reg BI))

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on her FINRA BrokerCheck report, Roseanne Cimino:

Is currently registered with First Command Brokerage Services, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Roseanne Cimino has also passed Series 7, Series 31, Series 63, Series 65, Series 66, Series 9, and Series 10.

Was previously registered with firms that include Fidelity Brokerage Services LLC, Morgan Stanley & Co. Incorporated, Morgan Stanley DW Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and TD Waterhouse Investor Services, Inc.

Kurta Law Can Help

If you have worked with Roseanne Cimino and you have concerns about her activity, Kurta Law may be able to help you evaluate your legal options. A securities attorney can help you assess potential causes of action. You may be entitled to pursue recovery through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.