Miami Rep Fined and Suspended by FINRA

 

submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for six months. The fine must be paid either immediately upon Zavaglia’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Zavaglia consented to the described sanctions and to the entry of findings that he willfully failed to timely disclose material facts on his Form U4 and also willfully filed an amendment to his Form U4 that was false and misleading.

 

The suspension is in effect from January 17, 2012, through July 16, 2012.

 (FINRA Case #2011029709701)