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Walter Joseph Marino suspended from the securities industry by FINRA

By January 26, 2018Uncategorized

Walter Joseph Marino has been suspended from the securities industry by the Financial Industry Regulatory Authority (FINRA). Fishman Haygood Investment Fraud Lawyers is investigating Walter Marino for several customer disputes, many of which occurred since 2015.

In October 2017, FINRA suspended Walter Marino from acting as a broker for one year. FINRA alleged that Marino recommended unsuitable replacements (also known as exchanges) of variable annuities without having a reasonable basis for doing so.  FINRA noted that these actions earned Marino hefty commissions while his customers incurred substantial surrender charges and tax liabilities.  FINRA also found that Walter Marino misrepresented transactions in his firm’s books and made false statements.

Marino previously worked in New York for a Legend Equities Corporation, Plan Members Securities Corporation, Lincoln Investment, and Benjamin Securities, Inc.


Marino has been the subject of at least 15 customer disputes.  Several of the customer disputes have been settled after FINRA arbitration proceedings were filed. Walter Marino’s customers alleged that Marino misrepresented the investments made on behalf of the customer in order to receive commissions. These risky investments led to losses that jeopardized the customers’ future investment goals.

If you invested money with Walter Joseph Marino, we would like to talk to you. As investment fraud lawyers, we are experienced securities litigators. Fishman Haygood Investment Fraud Lawyers have helped hundreds of clients recover their losses that were due to broker fraud or negligence.  Contact us today to discuss your options and receive a free consultation.

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