Anthony Sica Of Joseph Gunnar Co. LLC Barred By FINRA Following Investigation

Investors apparently complained about securities broker Anthony Sica [CRD: 1332626, New York, New York], given the disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Anthony Sica worked for Joseph Gunnar Co. LLC from October 31, 2003, to June 21, 2024. Read on to discover more about disclosures involving Sica, including regulatory actions and client disputes tied to alleged sales practice violations.

FINRA Sanctioned Sica For Failure To Cooperate

Evidently, on March 20, 2026, FINRA issued Case: 2025088031501 sanctioning Anthony Sica. Specifically, Sica was barred from associating with any FINRA member in all capacities. Notably, FINRA alleged that Sica failed to testify when FINRA investigated possible violations of FINRA rules.

FINRA Investigation Into Joseph Gunnar Practices

According to FINRA, the matter originated from a targeted examination concerning Joseph Gunnar Co. LLC’s practices involving public and private offerings of small-capitalized exchange-listed issuers with operations in foreign jurisdictions. FINRA requested testimony from Sica according to FINRA Rule 8210 as part of the investigation.

FINRA Rule 8210 authorizes FINRA to require securities brokers to provide testimony and information during investigations and examinations. FINRA Rule 2010 requires brokers and securities brokers to observe high ethical standards.

Alleged Violations Of FINRA Rules By Anthony Sica

According to the disclosure, FINRA sent Sica a request for testimony on March 5, 2026. FINRA alleged that Sica, through his lawyer, acknowledged receiving the request but informed FINRA that he would not appear for testimony.

By allegedly refusing to appear for testimony requested according to FINRA Rule 8210, FINRA determined that Sica violated FINRA Rules 8210 and 2010. FINRA stated that the refusal to cooperate impaired its ability to conduct a regulatory investigation into possible securities industry misconduct.

Prior FINRA Disciplinary Action Concerned Unsuitable Recommendations And Unauthorized Trading

The disclosure also referenced a prior FINRA disciplinary matter from November 2017. In that matter, Sica consented to findings that he made unsuitable recommendations and placed unauthorized trades in client accounts in violation of FINRA Rules 2111 and 2010, as well as NASD Rule 2310. As part of that disciplinary action, FINRA censured Sica, suspended him from associating with any FINRA member in all capacities for three months, and fined him $20,000.

Anthony Sica Disclosed Negligence, Misrepresentation, And Breach Of Fiduciary Duty Allegations By Joseph Gunnar Client

Also, a client of Joseph Gunnar Co. LLC disputed Anthony Sica’s sales practices by filing FINRA Arbitration No. 20-00366. Allegedly, Sica was negligent, made misrepresentations, breached fiduciary duties, breached a contract, made unsuitable recommendations, and violated FINRA Rules. It appears that Sica allegedly caused the client to experience damages on private placements. Consequently, FINRA Arbitrators issued an Award dated May 25, 2022 compelling Joseph Gunnar Co. LLC to compensate the client in the amount of $164,900.

Joseph Gunnar Investor Accused Sica Of Unauthorized Trading

Additionally, a Joseph Gunnar Co. LLC client filed FINRA Arbitration No. 14-01574 about Anthony Sica. Primarily, the client alleged that Sica made unsuitable recommendations, engaged in excessive trading, and engaged in unauthorized trading. For this reason, the client allegedly suffered damages on over-the-counter equities and stocks. Therefore, on January 24, 2015, Joseph Gunnar Co. LLC settled this matter by paying the client $302,500.

Were You Impacted By Securities Broker / Financial Advisor Anthony Sica?

Are you concerned about investments you made through Anthony Sica? If so, reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for individuals throughout the United States. Also, our securities lawyers work on a contingency fee basis and advance all costs. Sica and brokerage firms Sica worked for deny allegations of sales practice violations.