That reminds me: I haven't posted the NASD disclosure stuff for Fasano:
PUBLIC DISCLOSURE PROGRAM
RESPONSE TO REQUEST FOR INFORMATION
The Board of Governors of the National Association of Securities Dealers, Inc.(NASD)has adopted a public disclosure policy which permits certain types of disciplinary information on NASD member firms and their associated persons to be available to the general public. Section 15A(i) of the Securities Exchange Act of 1934, as amended, requires registered securities associations to respond to inquiries regarding disciplinary actions involving its members and their associated persons. The NASD believes that the general public should have access to information which will help them in their determination whether to conduct or continue to conduct business with an NASD member or any of the member's associated persons. In that regard, enclosed please find the information you have requested.
A list of the terms and conditions of the NASD Public Disclosure Program is as follows: [.......]
ASSOCIATED PERSON: FASANO (JR), JOHN JOSEPH
CRD NUMBER: 1198285
Associated Person: FASANO (JR), JOHN JOSEPH
CRD Number: 1198285
9/01/98 SUMMARY INFORMATION
9/01/98: 9/29/97 NASD ARBITRATION
DATE SERVICE RECEIVED: 9/29/97; ALLEGATIONS: NOT PROVIDED; ALLEGED COMPENSATORY DAMAGE AMOUNT: NOT PROVIDED; FILED WITH: NASD; DOCKET CASE NUMBER 97-03779; CURRENTLY PENDING: YES; flm
9/01/98: 11/05/96 SEC ACTION
ACTION INITIATED BY: SEC; REGULATORY ACTION TYPE: ADMINISTRATIVE; DATE INITIATED: 11/5/1996; CASE/DOCKET #: 33-7357; 34-37807; ALLEGATIONS: CONSPIRACY, SECURITIES FRAUD, AND CRIMINAL CONTEMPT FOLLOWING EXTENSIVE INVESTIGATIONS WITH SALES OF OVER-THE-COUNTER AND NASDAQ STOCKS TO CUSTOMERS; RESOLUTION DATE: 11/5/1996; SANCTION: NOT PROVIDED; TOTAL AMOUNT: NOT PROVIDED; DATE PAID: NOT PROVIDED; ACTION STATUS/DISPOSITION DETAILS SUMMARY: THE ARRESTS ARE THE RESULT OF INVESTIGATIONS, INCLUDING AN EXTENSIVE UNDERCOVER INVESTIGATION CONDUCTED BY THE FBI, WORKING IN COOPERATION WITH THE SEC, NASD REGULATION, INC., AND THE US ATTORNEYS OFFICE FOR THE SOUTHERN DISTRICT OF NEW YORK. UNDERCOVER AGENTS OF THE FBI, OPERATING A SMALL BROKERAGE FIRM IN MANHATTEN, POSED AS UNSCRUPULOUS BROKERS WHO MANAGED MILLIONS OF DOLLARS ON BEHALF OF SUPPOSED "HIGH NET WORTH INDIVIDUALS" AND WERE WILLING TO ACCEPT PAYOFFS TO SELL OVER-THE-COUNTER BULLETIN BOARD AND NASDAQ STOCKS TO THEIR CUSTOMERS. PAYMENTS WERE GENERALLY MADE BY AND THROUGH STOCK PROMOTERS WHO, WORKING OFTEN WITH OFFICERS OF THE COMPANIES WHOSE STOCKS WERE BEING TOUTED, PAID THE BROKERS AS MUCH AS 40% OF THE VALUE OF THE STOCK BEING SOLD TO THE BROKERS' CUSTOMERS. INCLUDED AMONG THOSE CHARGED WERE STOCK PROMOTERS, COMPANY OFFICIALS, AND CURRENT OR FORMER STOCK BROKERS. FASNO AND OTHER INDIVIDUALS WERE CHARGED VARIOUSLY WITH THE ABOVE ALLEGATIONS.
9/01/98: 6/12/96 PENNSYLVANIA BAR
ACTION INITIATED BY: STATE OF PENNSYLVANIA; REGULATORY ACTION TYPE: BAR; DATE INITIATED: 6/12/96; DOCKET CASE NUMBER: 9602-01LC; ALLEGATIONS: FAILED TO KEEP RECORDS AND MAKE RECORDS AVAILABLE UPON REQUEST ON THE COMMISSION; HOW RESOLVED: ORDER; RESOLUTION DATE: 6/12/1996; SANCTION: BARRED ; DATE PAID: NOT PROVIDED; DISPOSITION DETAILS: BARRED FROM BECOMING REGISTERED AS A BROKER-DEALER , AGENT, INVESTMENT ADVISER OR ASSOCIATED PERSON; FROM HOLDING A POSITION AS AN OFFICER, DIRECTOR, PARTNER OR CONTROL PERSON OF ANY COMPANY, CORPORATION OR OTHER ENTITY OFFERING OR SELLING SECURITIES IN PENNSYLVANIA, ORDERED TO PAY $3,250 IN AN ADMINISTRATIVE ASSESSMENT AND $313.57 IN COSTS. fm
9/01/98: 2/01/96 NASD ARBITRATION
DATE SERVICE RECEIVED: 7/13/94; ALLEGATIONS: UNSUITABILITY; ALLEGED COMPENSATORY DAMAGE AMOUNT: $60,000; HOW RESOLVED: AWARD; FILED WITH: NASD; DOCKET/CASE NUMBER: 94-01774; CURRENTLY PENDING: NO; DISPOSITION TYPE: AWARD AGAINST PARTY; AWARD AMOUNT: $8,000.00; DISPOSITION DATE: 2/1/96. alt
9/01/98: 10/30/95 NASD ARBITRATION
DATE SERVICE RECEIVED: 2/8/95; ALLEGATIONS: NOT PROVIDED; ALLEGED COMPENSATORY DAMAGE AMOUNT: NOT PROVIDED; HOW RESOLVED: AWARD; FILED WITH: NASD; DOCKET/CASE NUMBER: 95-00165; CURRENTLY PENDING: NO; DISPOSITION TYPE: AWARD AGAINST PARTY; AWARD AMOUNT: $28,583.72; DISPOSITION DATE: 10/30/95. alt
9/01/98: 7/31/95 NASD ARBITRATION
DATE SERVICE RECEIVED: 12/14/92; ALLEGATIONS: FAILURE TO SUPERVISE; ALLEGED COMPENSATORY DAMAGE AMOUNT: NOT PROVIDED; HOW RESOLVED: AWARD; FILED WITH: NASD; DOCKET/CASE #: 92-03992; CURRENTLY PENDING: NO; DISPOSITION TYPE: AWARD; AWARD AMOUNT: $97,590.18; DISPOSITION DATE: 7/31/95. jis.
9/01/98: 7/19/95 NASD BAR
ACTION INITIATED BY: NASD; REGULATORY ACTION TYPE: BAR; DATE INITIATED: 7/19/95; DOCKET CASE NUMBER: C10950035; ALLEGATIONS: CONDUCTED A SECURITIES BUSINESS WHILE IT FAILED AND NEGLECTED TO MAINTAIN THE REQUIRED NET CAPITAL, FAILED TO HIRE/ REGISTER A REPLACEMENT FINOP WHEN IT'S FINOP LEFT ABRUPTLY AND CONTINUED TO CONDUCT A SECURITIES BUSINESS, FAILED TO TIMELY FILE ITS FOCUS PART IA AND IIA REPORTS, FAILED TO TIMELY FILE ITS FOCUS PART I REPORTS, FAILED TO COMPLY WITH IT'S RESTRICTION AGREEMENT IN THAT IT DID NOT MAINTAIN IT'S REQUIRED NET CAPITAL WHILE MAKING MARKETS, PLACED OR PERMITTED UNAUTHORIZED TRADES OF SECURITIES IN PUBLIC CUSTOMERS ACCOUNTS; AND, FASANO FAILED TO PAY A $12,000 ARBITRATION AWARD; HOW RESOLVED: ACCEPTANCE, WAIVER, AND CONSENT; RESOLUTION DATE: 7/19/1995; SANCTION: CENSURED, FINED, BARRED, ORDERED TO PAY RESTITUTION, ORDERED TO PAY ARBITRATION AWARD TO CUSTOMER; TOTAL AMOUNT: FINE OF $50,000, RESTITUTION OF $41,089.00 TO PUBLIC CUSTOMERS, ARBITRATION AWARD OF $12,000; DATE PAID: NOT PROVIDED; ACTION STATUS/DISPOSITION DETAILS SUMMARY: RESPONDENT FASANO IS BARRED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY CAPACITY AND ORDERED TO PAY AN ARBITRATION AWARD OF $12,000 TO A PUBLIC CUSTOMER. flm/pld
9/01/98: 1/13/95 FLORIDA ACTION
ACTION INTIATED BY: FLORIDA DIVISION OF SECURITIES AND INVESTOR PROTECTION, BUREAU OF EXAMINATIONS; REGULATORY ACTION TYPE: ADMINISTRATIVE CHARGES AND COMPLAINT; DATE INITIATED: 1/13/1995; CASE/DOCKET #: 1988-S-1/94; ALLEGATIONS: FASON VIOLATED THE ANTI- FRAUD (MANIPULATION), REGISTRATION AND SUPERVISION PROVISIONS OF CHAPTER 517, FLORIDA STATUTES, AND THE RULES OF THE DEPARTMENT, IN CONNECTION WITH A CERTAIN SALE; HOW RESOLVED: PENDING; RESOLUTION DATE: NOT PROVIDED; SANCTION: NOT PROVIDED; TOTAL AMOUNT: NOT PROVIDED; DATE PAID: NOT PROVIDED; ACTION STATUS/DISPOSITION DETAILS SUMMARY: THE DEPARTMENT SEEKS TO REVOKE ANY AND ALL REGISTRATIONS IN THE STATE OF FLORIDA, ORDER RESPONDENTS TO CEASE AND DESIST VIOLATIONS OF FLORIDA LAW AND RULES, AND IMPOSE FINES OF UP TO $5,000 PER VIOLATION. pld
9/01/98: 9/30/94 MARYLAND REVOCATION OF REGISTRATION
ACTION INITIATED BY: MARYLAND DIVISION OF SECURITIES; REGULATORY ACTION TYPE: REVOCATION OF REGISTRATION; DATE INITIATED: 9/7/1994; CASE/DOCKET #: A-94-0286; ALLEGATIONS: FASANO VIOLATED SEC. 11-412 (a)(6) OF THE MARYLAND SECURITIES ACT BY BECOMING SUSPENDED BY THE NASD FOR FAILURE TO PAY AN ARBITRATION AWARD; HOW RESOLVED; ORDER TO SHOW CAUSE; RESOLUTION DATE: 9/30/1994; SANCTION: REVOCATION OF REGISTRATION; TOTAL AMOUNT: NOT PROVIDED; DATE PAID: NOT PROVIDED; ACTION STATUS/DISPOSITION DETAILS SUMMARY: THE ORDER TO SHOW CAUSE ISSUED 9/7/1994 PROVIDED THAT FAILURE TO REQUEST A HEARING IN WRITING WITHIN 15 DAYS OF RECEIPT OF THE ORDER WOULD RESULT IN A FINAL ORDER OF REVOCATION OF AGENT REGISTRATION BEING ISSUED; NO HEARING WAS REQUESTED AND ON 9/30/1994 FASANO'S AGENT REGISTRATION WAS REVOKED. pld
9/01/98: 7/29/94 NASD SUSPENSION
ACTION INITIATED BY: NASD; REGULATORY ACTION TYPE: ADMINISTRATIVE; DATE INITIATED: 7/29/94; CASE/DOCKET NUMBER: 91-03618; ALLEGATIONS: FAILED TO PAY ARBITRATION AWARD; HOW RESOLVED: SUSPENSION; ACTION/STATUS DISPOSITION SUMMARY: NASD REGISTRATION SUSPENDED FOR FAILING TO PAY ARBITRATION AWARD. AWARD AMOUNT: $58,520.00; DISPOSITION DATE: 8/9/95. alt
9/01/98: 5/27/93 NASD ARBITRATION
DATE SERVICE RECEIVED: 1/27/1992; ALLEGATIONS: STOCK THAT BELONGED TO CLAIMANT WAS PUT IN RESPONDENTS FATHER'S ACCOUNT BY CLEARING FIRM. RESPONDENT MADE ARRANGEMENTS TO RETURN STOCK TO PROPER ACCOUNT BUT CLEARING FIRM DELIVERED STOCK TO RESPONDENTS FATHER. STOCK WENT TO ZERO, RESPONDENTS FATHER'S ESTATE STILL HAS STOCK, CLAIMANT CLAIMED STOCK WAS SOLD FOR 100% PROFIT; ALLEGED COMPENSATORY DAMAGE AMOUNT: NOT PROVIDED; HOW RESOLVED: AWARD; ARBITRATION FILED WITH: NASD; DOCKET/CASE #: 91-03618; CURRENTLY PENDING: NO; DISPOSITION TYPE: AWARD; AWARD AMOUNT: $12,000; DISPOSITION DATE: 5/27/1993. pld
He's a real winner, isn't he? The FBI undercover guys must have had a lotta fun, though...
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