Massachusetts Broker Barred by FINRA for Providing False Trading Information

Dale Edward Para (CRD #1028917, North Oxford, Massachusetts)

was barred by FINRA for allegedly intentionally providing false trading and account information to a client and the client’s father, who had power of attorney over the client’s account.

FINRA's findings stated that Para misrepresented to the client and his father that he had executed hundreds of requested trades in the client’s account when in fact he had not, and mislead the client and his father into believing that his account transferred with Para from one member firm to another when it had not. Para concealed his misconduct by providing hand-written trade summaries to the client and the father, and went so far as to create type-written trade summaries that included his firm’s name and telephone number.

(FINRA Case #2013037332701)

Dale Edward Para was registered in the securities industry for 31 years and was previously registered with the following securities firm(s):

08/2011 - 06/2013 MEYERS ASSOCIATES, L.P. (CRD# 34171) - OXFORD, MA

07/2010 - 08/2011 ANDERSON & STRUDWICK, INCORPORATED (CRD# 48) - OXFORD, MA

01/2004 - 07/2010 JESUP & LAMONT SECURITIES CORP (CRD# 39056) - WORCESTER, MA
FINRA expelled the firm in 11/2010
03/1982 - 12/2003 OFTRING & COMPANY, INC. (CRD# 627) - LOS ANGELES, CA

The previous information was obtained from FINRA’s website under "Disciplinary and Other FINRA Actions, January 2015," and the information from FINRA ends here.

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