GUNNALLEN HIRES RAFFAELE GAMBARDELLA BOILER ROOM INVESTORS ASSOCIATES AND SCHNEIDER SECURITIES GRAD
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NASD Registered Person: RAFFAELE GAMBARDELLA
CRD Number: 2448073
Employment History
Current Employments: 1
Registrations: 20
Previous Employments: 5
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Disclosure Events: Yes
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Criminal Actions: 0
Regulatory Actions: 3
Civil Judicial Actions: 0
Terminations: 0
Customer Complaints: 0
Investigations: 0
Bonds: 0
Bankruptcies: 0
Judgment/Liens: 0
NASD Public Disclosure Program October 21, 2003 Page 2
This information is current as of: 10/21/2003
CURRENT EMPLOYMENT
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Employing Firm: GUNNALLEN FINANCIAL, INC
Firm CRD Number: 17609
Office of Employment address: 67 WALL STREET
#2005
NEW YORK, NY 10005
USA
Start Date: 09/27/2002 End Date: to present
Registrations:
Jurisdiction/SRO Category Status As Of Date
CA Agent Approved 09/27/2002
CT Agent Approved 09/27/2002
FL Agent Approved 10/23/2002
IL Agent Approved 11/08/2002
MA Agent Approved 11/21/2002
MD Agent Approved 09/27/2002
MI Agent Approved 09/27/2002
NASD General Securities Approved 09/27/2002
Principal
NASD General Securities Approved 09/27/2002
Representative
NASD Registered Options Approved 09/27/2002
Principal
NC Agent Approved 09/27/2002
NJ Agent Approved 09/27/2002
NY Agent Approved 09/27/2002
OH Agent Approved 09/27/2002
PA Agent Approved 10/01/2002
RI Agent Approved 09/27/2002
TX Agent Approved 10/22/2002
VA Agent Approved 09/27/2002
WA Agent Approved 09/27/2002
WI Agent Approved 09/27/2002
Other Business
SOLE PROPRIETOR OF EXPORT AGENCY.
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PREVIOUS EMPLOYMENT
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This section provides 10 years of an individual's employment history. If the
individual is currently registered with NASD, employment history will be
displayed for the previous 10 years. If the individual is not currently
registered with NASD, employment history will be displayed for the 10 years
prior to termination of the registration. The firm's CRD number, the office of
employment address where the broker was employed, and the dates of employment
will be displayed.
If the broker was previously employed with an investment adviser, the investment
adviser's name and CRD number will display. However, additional information is
not available on investment advisers through the Public Disclosure Program as
they are not NASD registered firms.
NASD Public Disclosure Program October 21, 2003 Page 3
This information is current as of: 10/21/2003
________________________________________________________________________________
NASD Registered Person: RAFFAELE GAMBARDELLA
CRD Number: 2448073
PREVIOUS EMPLOYMENT(cont.)
If the broker was previously employed with a firm registered with any
self-regulatory organization other than NASD (e.g., the NYSE), either the
firm's name or "Other Business" will display as the Employing Firm. To obtain
the firm's name when "Other Business" displays as the Employing Firm, please
call the Public Disclosure Call Center Hotline number, 1-800-289-9999.
A Firm CRD Number will not display for employing firms that are not NASD
registered firms. Information on these employing firms is not available through
the Public Disclosure Program.
*************** PREVIOUS EMPLOYMENT (1 of 5) ***************
Employing Firm: SCHNEIDER SECURITIES, INC.
Firm CRD Number:
Office of Employment address: NEW YORK, NY
Start Date: 06/1997 End Date: 09/2002
*************** PREVIOUS EMPLOYMENT (2 of 5) ***************
Employing Firm: INVESTORS ASSOCIATES, INC.
Firm CRD Number:
Office of Employment address: NEW YORK, NY
Start Date: 07/1994 End Date: 06/1997
*************** PREVIOUS EMPLOYMENT (3 of 5) ***************
Employing Firm: THE WELLINGTON GROUP, INC.
Firm CRD Number:
Office of Employment address: NEW YORK, NY
Start Date: 02/1994 End Date: 08/1994
*************** PREVIOUS EMPLOYMENT (4 of 5) ***************
Employing Firm: JAMES W. BULLARD, JR., INCORPORATED
Firm CRD Number:
Office of Employment address: NEW YORK, NY
Start Date: 12/1993 End Date: 02/1994
*************** PREVIOUS EMPLOYMENT (5 of 5) ***************
Employing Firm: ITALCVISINE INC.
Firm CRD Number:
Office of Employment address: BELLMORE, NY
Start Date: 09/1992 End Date: 12/1993
NASD Public Disclosure Program October 21, 2003 Page 4
This information is current as of: 10/21/2003
________________________________________________________________________________
NASD Registered Person: RAFFAELE GAMBARDELLA
CRD Number: 2448073
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REGULATORY ACTIONS
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DISCLOSURE INFORMATION
This section lists regulatory actions that were reported to the CRD and are
disclosable through the Public Disclosure Program. Disclosable regulatory
actions include formal proceedings initiated by a regulatory authority (i.e., a
state securities agency, the NASD, New York Stock Exchange, foreign regulatory
body, etc.) for a violation of investment-related rules or regulations. In
addition, revocations or suspensions of a broker's authority to act as an
attorney, accountant or federal contractor will appear here.
Some of the fields in this section of the report may be blank if the information
was not provided to CRD.
** OCCURRENCE COUNTS ** 3 Record(s)
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** FIELD DEFINITIONS **
* Reporting Source: The form through which details of the regulatory
action was reported to CRD.
* Date Reported: The date the regulatory action was reported to CRD.
* Initiated By: The name of the securities regulator that initiated
the regulatory action (e.g., regulator, foreign
financial regulatory authority, self-regulatory
organization, federal agency such as SEC, state,
etc.).
* Date Initiated: Date the regulatory action was initiated.
* Docket/Case Number: Docket or case number of the regulatory action.
* Employing Firm: Firm where broker was employed when activity
occurred that led to the regulatory action.
* Allegations: Allegations made against the broker leading to the
regulatory action.
* Current Status: The current status of the regulatory action (i.e.,
pending, on appeal or final).
* Resolution: The resolution of the regulatory action (e.g.,
acceptance, waiver and consent; decision; decision
and order of offer of settlement; order; settled;
etc.).
* Resolution Date: The date the regulatory action was resolved.
* Sanction Details: Additional details regarding any sanctions ordered.
* Summary: A summary of the details related to the regulatory
action.
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******** REGULATORY ACTION (1 of 3) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 02/27/2001
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 09/20/2000
Docket/
Case Number: C3A000032
Employing Firm: SCHNEIDER SECURITIES, INC.
Allegations: 09/29/00EC: NASD RULES 2110 AND 3010 - A MEMBER FIRM, ACTING
THROUGH RESPONDENT GAMBARDELLA, FAILED TO ADEQUATELY SUPERVISE
A FORMER REGISTERED REPRESENTATIVE TO PREVENT AND DETECT
ALLEGED EXCESSIVE TRADING, UNAUTHORIZED TRADING AND THE
IMPROPER USE OF DISCRETION.
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 09/20/2000
Sanctions
NASD Public Disclosure Program October 21, 2003 Page 5
This information is current as of: 10/21/2003
________________________________________________________________________________
NASD Registered Person: RAFFAELE GAMBARDELLA
CRD Number: 2448073
REGULATORY ACTIONS(cont.)
Ordered: Monetary/Fine, Censure
Monetary Amount: $5,000.00
Resolution
Details: A CENSURE AND $5,000.00 FINE. 02-27-01, $5,000 PAID 10/27/00,
INVOICE 00-3A-690
Summary:
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Reporting Source: Broker (Form U-4)
Date Reported: 11/21/2000
Initiated By: NASD
Date initiated: 12/29/1999
Docket/
Case Number: C3A950022
Employing Firm: SCHNEIDER SECURITIES, INC.
Allegations: THE NASD DIST #3 ALLEGED THAT I FAILED TO SUPERVISE THE
ACTIVITY OF A BROKER WHILE HE WAS ASSOCIATED WITH SCHNEIDER
SECURITIES, INC.
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 09/20/2000
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $5,000.00
Resolution
Details: THERE WERE NO OTHER REQUIREMENTS AND SANCTIONS THAT WERE PART
OF THE CENSURE. ON 10/25/2000 THE $5000.00 WAS PAID.
Summary:
******** REGULATORY ACTION (2 of 3) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 10/16/1997
Initiated By: WASHINGTON STATE SECURITIES DIVISION
Date initiated: 05/28/1997
Docket/
Case Number: SDO-42-97
Employing Firm: INVESTORS ASSOCIATES, INC.
Allegations: FAILURE TO SUPERVISE
Current Status: Final
Resolution: Vacated
Resolution Date: 10/16/1997
Sanctions
Ordered:
Resolution
Details: SUMMARY SUSPENSION OF REGISTRATION ORDER NO. SDO-42-97 IS
REVOKED AS TO GAMBARDELLA BY SDO-68-97 .
Summary: CONTACT: REX STAPLES (360) 902-8734
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Reporting Source: Firm (Form U-5)
Date Reported: 06/24/1997
Initiated By: WASHINGTON STATE SECURITIES.
Date initiated: 05/28/1997
NASD Public Disclosure Program October 21, 2003 Page 6
This information is current as of: 10/21/2003
________________________________________________________________________________
NASD Registered Person: RAFFAELE GAMBARDELLA
CRD Number: 2448073
REGULATORY ACTIONS(cont.)
Docket/
Case Number: SDO-42-97
Employing Firm: INVESTORS ASSOCIATES, INC.
Allegations: THIS PROCEEDING SUSPENDING THE APPLICANTS REGISTRATION WAS
INITIATED BASED ON THE STATES OF INDIANA AND NEW HAMPSHIRE
REVOKING APPLICANT'S REGISTRATION.
Current Status: Final
Resolution: Vacated
Resolution Date: 10/16/1997
Sanctions
Ordered:
Resolution
Details: REGISTRATION WAS SUSPENDED WITH INTENT TO REVOKE.
Summary: Not Provided
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Reporting Source: Broker (Form U-4)
Date Reported: 06/19/1997
Initiated By: STATE OF WASHINGTON
Date initiated: 05/28/1997
Docket/
Case Number: SDO-42-97
Employing Firm: INVESTORS ASSOCIATES, INC.
Allegations: APPLICANT WAS ALLEGED TO BE THE SUPERVISOR OF A REGISTERED
REPRESENTATIVE WHO ENGAGED IN VIOLATIONS.
Current Status: Final
Resolution: Vacated
Resolution Date: 10/16/1997
Sanctions
Ordered:
Resolution
Details: WASHINGTON ISSUED AN AMENDED ORDER VACATING THE PREVIOUS
SUMMARY SUSPENSION ORDER AS TO GAMBARDELLA AND NOT NAMING HIM
IN THE CASE, THEREBY WITHDRAWING THE CASE AS TO HIM.
Summary: Not Provided
******** REGULATORY ACTION (3 of 3) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 11/12/1997
Initiated By: NEW JERSEY BUREAU OF SECURITIES
Date initiated: 05/28/1997
Docket/
Case Number:
Employing Firm: INVESTORS ASSOCIATES, INC.
Allegations: ADMINISTRATIVE COMPLAINT ISSUED PROPOSING TO REVOKE RAFFAELE
GAMBARDELLA AGENT REGISTRATION AT IAI FOR, AMONG OTHER THINGS:
EMPLOYING HIGH PRESSURE BOILER ROOM SALES PRACTICES IN
CONNECTION WITH THE OFFER, SALE OR PURCHASE OF SECURITIES IN
ORDER TO DEFRAUD INVESTORS; AND SELLING UNREGISTERED
SECURITIES IN AND FROM NEW JERSEY. CIVIL MONETARY PENALTIES
REQUESTED IN THE ADMINISTRATIVE COMPLAINT. A CEASE AND DESIST
ORDER WAS SIMULTANEOUSLY ISSUED WITH THE ADMINISTRATIVE
COMPLAINT, WHICH ORDERED RAFFAELE GAMBARDELLA TO IMMEDIATELY
CEASE AND DESIST FROM: OFFERING OR SELLING UNREGISTERED
SECURITIES WITHIN, FROM OR INTO NEW JERSEY; HIRING OR
EMPLOYING, DIRECTLY OR INDIRECTLY, UNREGISTERED AGENTS; AND
DEFRAUDING INVESTORS IN VIOLATION OF NEW JERSEY ANTI-FRAUD
PROVISIONS. THE NJ BUREAU OF SECURITIES MOTION FOR PARTIAL
NASD Public Disclosure Program October 21, 2003 Page 7
This information is current as of: 10/21/2003
________________________________________________________________________________
NASD Registered Person: RAFFAELE GAMBARDELLA
CRD Number: 2448073
REGULATORY ACTIONS(cont.)
SUMMARY DECISION AND ENTRY OF AN ORDER TO REVOKE THE AGENT
REGISTRATION OF RAFFAELE GAMBARDELLA WHILE EMPLOYED AT
INVESTORS ASSOCIATES, INC. WAS DENIED BY ORDER DATED NOVEMBER
12, 1997. GAMBARDELLAS CROSS MOTICE FOR SUMMARY DECISION AND
ENTRY OF AN ORDER WAS GRANTED. COMPLAINT AND CEASE AND DESIST
ORDER DATED MAY 28, 1997 DISMISSED AND VACATED.
Current Status: Final
Resolution: Vacated
Resolution Date: 11/24/1997
Sanctions
Ordered:
Resolution
Details: Not Provided
Summary: CONTACT: JOE ALLESSIE AT 973-504-3600
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Reporting Source: Firm (Form U-5)
Date Reported: 06/24/1997
Initiated By: STATE OF NEW JERSEY BUREAU OF SECURITIES.
Date initiated: 05/28/1997
Docket/
Case Number:
Employing Firm: INVESTORS ASSOCIATES, INC.
Allegations: STATE OF NEW JERSEY BUREAU OF SECURITIES FILED A CEASE AND
DESIST ORDER AGAINST UNLAWFUL ACTS AS SET FORTH IN NJSA
49:3-60, 49:3-50 AND 49:3-52.
Current Status: Final
Resolution: Vacated
Resolution Date: 11/24/1997
Sanctions
Ordered:
Resolution
Details: PENDING.
Summary: Not Provided
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Reporting Source: Broker (Form U-4)
Date Reported: 10/20/2003
Initiated By: NEW JERSEY BUREAU OF SECURITIES
Date initiated: 05/28/1997
Docket/
Case Number:
Employing Firm: INVESTORS ASSOCIATES, INC.
Allegations: UNLAWFUL ACTS INVOLVING UNREGISTERED SECURITIES, UNREGISTERED
AGENTS, ANTIFRAUD VIOLATIONS.
Current Status: Final
Resolution: Vacated
Resolution Date: 11/24/1997
Sanctions
Ordered:
Resolution
Details: BY ORDER ISSUED 11/24/97, NEW JERSEY DISMISSED THE PROCEEDING
AGAINST APPLICANT GAMBARDELLA AND VACATED THE CEASE AND DESIST
ORDER AS TO HIM.
Summary:
************ END OF REPORT ************
NASD Public Disclosure Program October 21, 2003 Page 8
This information is current as of: 10/21/2003
________________________________________________________________________________
NASD Registered Person: RAFFAELE GAMBARDELLA
CRD Number: 2448073 |
