FINRA Sanctions Caz Craffy

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Caz Craffy (also known as Carz Craffy) (CRD: 5222223, Point Pleasant Beach, New Jersey). FINRA sanctioned Craffy for his failure to provide Information in an investigation. However, Craffy denies the allegations. Read on to learn more about the allegations against Craffy.

Craffy Sanctioned By FINRA For Failure To Provide Information

Evidently, on December 8, 2022, FINRA issued Case: 2022076459301 sanctioning Caz Craffy for infractions. Specifically, Craffy was barred as a securities broker, which means he is not permitted by FINRA to work with any FINRA-member firms as a securities broker or in other capacities.

Namely, FINRA alleged that Craffy failed to provide information and documents to FINRA when it investigated possible FINRA rule violations pertaining to the misappropriation of funds from a client. Supposedly, the regulator also investigated Craffy’s potential trading in client accounts, loans from clients, and his outside business activities.

Caz Craffy Discharged For Outside Business Activities

Previously, on November 11, 2022, Monmouth Capital Management LLC disaffiliated with Craffy. Evidently, Monmouth Capital Management LLC alleged that Craffy engaged in an undisclosed outside business activity.

Craffy Employment Information

• Craffy worked for Monmouth Capital Management LLC in Point Pleasant Beach, NJ, as a securities broker from April 2021 to November 2022.
• Craffy worked for Newbridge Securities Corporation in Morristown, NJ, as a securities broker from May 2017 to March 2021.

Damages Resulting From Monmouth Capital Management LLC Securities Broker Caz Craffy?

Incurred damages through investing with Caz Craffy? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Craffy and brokerage firms Craffy worked for deny any and all allegations of sales practice violations.