Broker Mark Isidore Lamendola Barred for Selling Away, Falsifying Documents

Broker Mark Isidore Lamenola BarredMark Isidore Lamendola (CRD#: 1133485) is a former registered broker and investment advisor. From 2013 to 2018, Mr. Lamendola served as a representative for World Capital Brokerage in Cranberry Township, Pennsylvania.

On January 11th, 2019, FINRA permanently barred financial advisor Mark Lamendola following an investigation into allegations of selling away and allegations that he falsified of official documents (Letter of Acceptance, Waiver and Consent No. 2017055262601).

Financial Advisor Misconduct: Mark Isidore Lamendola

According to records available through BrokerCheck, Mark Isidore Lamendola was terminated by World Capital Brokerage after they received information that he previously engaged in improper, undisclosed outside business activities and that he falsified documents.

In investigating these allegations, FINRA determined that Mr. Lamendola made material misrepresentations to investors and that he fabricated a letter to make it appear as though an investor was receiving a communication directly from an annuity company.

Further, in violation of FINRA Rule 2010, FINRA found that Mr. Lamendola attempted to settle a customer’s complaint without notifying his member firm. Financial advisors are not permitted to conceal settlements in this manner.

Without admitting or denying the allegations against him, Mark Isidore Lamendola consented to FINRA’s proposed sanctions, including a permanent bar from the industry.

Speak to Our Broker Selling Away Lawyer Today

At Sonn Law Group, our FINRA arbitration lawyers represent investors nationwide. If you sustained losses as a result of a broker selling away, we are here to help. Call us today for a free, strictly confidential initial consultation.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

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