According to FINRA's Disciplinary and Other FINRA Actions publication, from July 2013 through January 2014 broker Steven Colacurcio (CRD# 1717483) of Boca Raton Florida was fined and suspended by FINRA as a result of allegations that he exercised discretionary power in a customer's account, without obtaining prior written authorization from the customer and without having the account accepted as a discretionary account by his employing FINRA member firm Dawson James Securities. As a result of such conduct, FINRA alleged that Colacurcio violated NASD Rule 2510(b) and FINRA Rule 2010. NASD Rule 2510(b) provides that registered persons may not exercise discretionary power in a customer's account unless the customer has given prior written authorization and the account has been accepted by the member firm in writing as a discretionary account. FINRA alleged that Colacurcio exercised discretionary power in a customer's account by effecting 11 transactions, without obtaining prior written authorization from the customer and without having the account accepted as a discretionary account by his employing FINRA member firm Dawson James Securities. As a result of such conduct, Cotacurcio consented to FINRA's imposition of a fifteen (15) business day suspension from association with any FINRA member in all capacities and a $5,000 fine. According to FINRA's Broker Check, Steven Colacurcio was registered with the securities industry for 27 years, and was registered with the following firm(s): Dawson James Securities Inc. CRD# 130645 6/2009- Present Raymond James Financial Services, Inc. CRD# 6694 6/2008 - 3/2009 Suntrust Investment Services, Inc. CRD# 17499 6/2004 - 03/2008 Wachovia Securities, LLC CRD# 19616 02/2002 - 06/2004 WM Financial Services, Inc. CRD# 599 05/1998 - 03/2002 Great Western Financial Securities Corp. CRD# 14229 01/1992 - 05/1998 G.K. Scott & Co., Inc. CRD# 3305 01/1998 - 02/1991 If you have suffered investment losses as a result of your broker's or brokerage firm's misconduct, contact the Law Offices of Place & Hanley, LLC to discuss your legal options. The Law Offices of Place & Hanley, LLC is dedicated to helping investors nationwide. If you have lost money as a result of your broker's recommendations, you may be entitled to recover your investment losses. Contact our office toll free at (866) 318-4725 for a complimentary initial consultation.The post Boca Raton Florida Broker Steven Colacurcio of Dawson James Broker Fined and Suspended by FINRA appeared first on The Law Offices of Place & Hanley.
