Frank Capuano of Royal Alliance Associates, Inc. agreed to findings that he sold approximately $1.1 million in Woodbridge Mortgage Investment Funds notes to customers of the firm. Capuano also consented to findings that he failed to obtain written approval from his firm for these transactions.
Initiated By FINRA
Resolution
Acceptance, Waiver & Consent(AWC)
Sanctions
Civil and Administrative Penalty(ies)/Fine(s)
Amount
$10,000.00
Sanctions
Suspension
Registration Capacities Affected
All capacities
Duration
12 months
Start Date
5/2/2016
End Date
5/1/2017