Soreide Law Group obtained the following information from FINRA’s Disciplinary report from December of 2021.
Adam Gerard Belardino (CRD #5221927, Scarsdale, New York)
On October 5, 2021, an OHO decision became final in which Adam Gerard Belardino was barred from association with any FINRA member in all capacities.
The sanction was based on findings that Adam Gerard Belardino failed to provide on-the-record testimony requested by FINRA during the course of an investigation initiated after his member firm submitted a Uniform Termination Notice for Securities Industry Registration (Form U5) disclosing that it had terminated Belardino in connection with client complaints it was reviewing.
FINRA’s findings stated that the client complaints included allegations that Adam Gerard Belardino had allegedly misrepresented account values, traded excessively and did not liquidate accounts as requested by his clients.
FINRA requested on-the-record testimony after initially receiving only a partial response to its request for information.
(FINRA Case #2019062347102)
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, Adam Gerard Belardino was in the securities industry for 11 years and was listed with 3 firms. Belardino has 10 Disclosures on his FINRA CRD report. Of the 10 Disclosures, 7 are Customer Disputes.
On March 18, 2019, a Customer Dispute settled following the allegations, “Beginning in November of 2018, the customers have alleged that the representative has misrepresented their account values, engaged in excessive levels of trading, and failed to comply with requests to have their accounts liquidated and the proceeds distributed.” The damage amount requested was $5,000.01, the settlement amount was $1,537,066.34.
Adam G Belardino was previously with the following firms:
03/25/2017 – 04/16/2019 MML INVESTORS SERVICES LLC – ELMSFORD, NY
10/23/2007 – 03/25/2017 MSI FINANCIAL SERVICES INC – ELMSFORD, NY
If you have experienced financial losses due to the actions or recommendations of Adam Gerard Belardino, formerly with MML Investors and MSI Financial Services both of Elmsford, New York, contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.