The Soreide Law Group, (888) 760-6552 obtained the following summation of information from FINRA’s website, listed under “Disciplinary and Other FINRA Actions, July, 2014.”
Angelo Barcelo III (CRD #4394074, St. Louis, Missouri)
was barred by FINRA for allegedly converting funds from his firm.
FINRA's findings stated that allegedly Barcelo created a fictitious account and subsequently sent a change of address request to the clearing firm for his memeber firm. Angelo Barcelo then made journal entries in the phony account to create a fake balance of $5,796.
Then, according to FINRA's report, Barcelo made a check distribution order for $5,771 which was funded by the phony account. Barcelo's firm then issued the check and Barcelo cashed it and used the money to pay his own personal expenses.
FINRA's findings also reported that Angelo Barcelo failed to respond to FINRA requests for information and documents.
(FINRA Case #2012034046801)
Angelo Barcelo III was previously registered with the following securities firm(s):
WANG INVESTMENT ASSOCIATES, INC. (CRD# 17912) - SAINT LOUIS, MO
12/2010 - 09/2012
GENESIS SECURITIES, LLC (CRD# 46992) - NEW YORK, NY
FINRA expelled the firm in 05/2012 06/2009 - 12/2010
E*TRADE SECURITIES LLC (CRD# 29106) - JERSEY CITY, NJ
06/2008 - 06/2009
MURIEL SIEBERT & CO., INC. (CRD# 5376) - JERSEY CITY, NJ
05/2006 - 05/2008
TD WATERHO-- USE INVESTOR SERVICES, INC. (CRD# 7870) - OMAHA, NE
04/2005 - 10/2005
This ends the summation from FINRA's website.
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