FINRA Suspends New York-Based Financial Advisor for Nine Months
John Sebastion Cangialosi, currently an SW Financial broker, was suspended by the Financial Industry Regulatory Authority (FINRA) in September 2021 for nine months. The broker was ordered to pay $271,622 in restitution for allegedly engaging in unsuitable trading in three customer accounts during his time as a Worden Capital broker.
The New York-based financial advisor has consented to the sanctions but without denying or admitting to the findings. Cangialosi also must pay a civil/administrative fee of $7,500.