Broker Thomas R. Fortino submitted a Letter of Acceptance, Waiver and Consent to settle rule violations alleged by FINRA. Fortino worked for several FINRA member firms, including three stints at First Allied Securities Inc., since he entered the securities industry in 1995. Fortino was permitted to resign from First Allied in July 2010 for failing to disclose outside business activities and referrals. FAS prohibited outside equity indexed annuities sales for a period from January 2007 to July 2010, and required authorization prior to engaging in any outside insurance sales. At least $68,843 of Fortino’s $334,764.93 transactional-based earnings during the period was attributable to EIA sales. Fortino was issued a Letter of Caution in April 2009 for unapproved EIA sales. Fortino made three subsequent unapproved EIA sales. In accordance with the AWC, FINRA imposed upon Fortino a $15,000 fine and a 10-month suspension from associating with any FINRA member firm in any capacity.
A survey of advisors nationwide reveals how the use of ETFs is expanding and what factors are likely to further support this trend.
ThinkAdvisor's TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business.
Your resource for news, research and analysis to help you deliver more effective outcomes to your clients.
Find out how you can get qualified and closable annuity leads.
Use this tool to help your clients understand more about Health Savings Accounts and the role they play in their financial future.
Find out how other advisors are using the booming housing market to grow their practice
Nov 02, 2017
Join this conversation as a panel of experts provides tips and best practices to optimize your tech resources for business growth.
Oct 25, 2017
Join this complimentary webcast to discover how to leave the impression that employee benefits is stodgy and sluggish in the past.
Sep 28, 2017
Women face unique retirement challenges. We can give you key considerations and strategies to help you optimize your female clients’ Social Security. In this webcast, you’ll...