{"id":1710,"date":"2015-09-14T18:09:59","date_gmt":"2015-09-14T18:09:59","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/09\/finra_bars_global_arena_capita"},"modified":"2022-03-22T14:26:34","modified_gmt":"2022-03-22T19:26:34","slug":"finra-bars-global-arena-capita","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-global-arena-capita\/","title":{"rendered":"FINRA Bars Global Arena Capital Brokers for Cockroaching, Churning, and Other Securities Violations"},"content":{"rendered":"

\t\t\t\tThe Financial Industry Regulatory Authority has barred seven brokers accused of committing violations and repeatedly transferring from one brokerage firm to another from the securities industry. The brokers worked at the brokerage firm Global Arena Capital Corp. Also barred is the broker-dealer’s president, Barbara L. Desiderio. She is accused of letting the brokers engage in stockbroker frau<\/a>d and deceiving the regulator. <\/p>\n

The other brokers are David Awad, Alex Wildermuth, Peter Snetzko, James Torres, and Michael Tannen. Global Arena branch managers Kevin Hagan and Richard Bohak have been barred from serving in a principal role. Brokers Andrew Marzec and Niaz Elmazi were barred for not cooperating with the regulator’s probe. <\/p>\n

According to FINRA, while at the firm, the brokers used sales pitches that were misleading, churned accounts<\/a>, and committed other abusive acts. Seven of the brokers who were barred had been placed on heightened supervision by the self-regulatory organization when they exited HFP Capital Markets to go work at Global Arena. HFP Capital Markets has since been expelled from the industry by FINRA.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority has barred seven brokers accused of committing violations and repeatedly transferring from one brokerage firm to another from the securities industry. The brokers worked at the brokerage firm Global Arena Capital Corp. Also barred is the broker-dealer’s president, Barbara L. Desiderio. She is accused of letting the brokers engage in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739],"tags":[],"class_list":["post-1710","post","type-post","status-publish","format-standard","hentry","category-finra"],"yoast_head":"\nFINRA Bars Global Arena Capital Brokers for Cockroaching, Churning, and Other Securities Violations — Investor Lawyers Blog — September 14, 2015<\/title>\n<meta name=\"description\" content=\"The Financial Industry Regulatory Authority has barred seven brokers accused of committing violations and repeatedly transferring from one brokerage firm — September 14, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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