Brian Gregory DiJulio, Registered Rep Formerly with NBC Securities, Inc. Has Been Sanctioned By FINRA for Unauthorized Trading in Customer Accounts
Publicly available records recently provided by the Financial Industry Regulatory Authority (FINRA) indicate that former Alabama-based NBC Securities, Inc. broker/advisor Brian Gregory DiJulio (CRD # 1647694) was recently sanctioned by FINRA for securities fraud in customer accounts. The Law Office of Kevin J. Deloatch, Esq. is interested in speaking to investors who have complaints of securities fraud regarding Mr. DiJulio and or NBC Securities, Inc.
Mr. DiJulio beccame registered in the securities industry in 1987 and was most recently registered with NBC Securities, Inc. (CRD # 17870) July 2015 until November 2018. He is no longer registered or associated with a FINRA member firm. His prior registrations included JHS Capital Advisors, LLC Corp. (CRD # 112097) from April 2012 through July 2015 and Paulson Investment Company, Inc. from August 2008 through April 2012.
FINRA’s Findings and Conclusions of Securities Fraud by DiJulio
According to FINRA Letter of Acceptance, Waiver and Consent (AWC) dated July 23, 2019 (Case ID 2018057561201), Mr. DiJulio consented to, without either admitting or denying, the following findings of securities fraud in customer accounts by FINRA’s Department of Enforcement:
- During the period from August 26, 2016 through November 11, 2016, he had exercised discretion to effect 65 transactions in 26 customer accounts;
- He did not have prior written authorization from the customers to use discretion in their accounts;
- He failed to mark the transactions as entered pursuant to the exercise of discretion and mismarked the trades as unsolicited;
- NBC had not accepted the accounts as discretionary accounts; and
- His actions were in violation of NASD Rule 2510(b), FINRA Rule 4511(a) and FINRA Rule 2010.
FINRA Sanctioned DiJulio for Securities Fraud in Customer Accounts
FINRA’s July 23, 2019 AWC also indicates that Mr. DiJulio consented to the following sanctions:
- A suspension from associating with any FINRA member firm in any and all capacities for 3 months; and
- A $7,500.00 fine.
DiJulio has a History of Customer Complaints of Securities Fraud
In addition to the above, according to FINRA BrokerCheck, Mr. DiJulio has been the subject of prior regulatory sanctions and a number of customer initiated arbitrations and/or civil law suit(s), and complaints regarding securities fraud. Additionally, it shows Mr. DiJulio was discharged from a prior employer.
On August 13, 1990 a customer initiated complaint alleged damages in the amount of $36,000.00 for unauthorized trading. The complaint was settled on August 13, 1990 in the amount of $36,257.64.
On August 13, 1990 a customer initiated complaint alleged damages in the amount of $100,000.00 for unauthorized trading. The complaint was settled on May 29, 1991 in the amount of $65,000.00.
On August 13, 1990 a customer initiated complaint alleged damages in the amount of $12,836.37 for unauthorized trading. The complaint was settled on August 13, 1990 in the amount of $12,836.37.
On August 15, 1990, DiJulio was discharged from Salomon Smith Barney Inc. after three clients complained that he had exercised discretion in their accounts.
On February 7, 1991, the State of Washington Department of Licensing issued a cease and desist order to Mr. DiJulio and suspended his license for three months for dishonest and unethical practices in the securities business, unauthorized trading and unsuitable recommendations.
On February 13, 1991 a customer initiated arbitration was filed alleging damages in the amount of $50,000.00 for failure to timely enter a sell order. The arbitration was settled on July 25, 1991 in the amount of $24,000.00.
On May 15, 1991 a customer initiated arbitration was filed alleging damages in the amount of $150,000.00 for unsuitable investments and excessive commissions. The arbitration was settled on December 27, 1991 in the amount of $74,500.00 in which DiJulio’s contribution was $10,000.00.
On May 22, 1992, Mr. DiJulio consented to a 10-day suspension and a $20,000.00 fine by the NASD for unauthorized transactions, unauthorized use of margin and unsuitable transactions. Mr. DiJulio was also required to requalify by examination.
On August 25, 1992 a customer initiated arbitration was filed alleging damages in the amount of $261,000.00 for suitability, breach of fiduciary duty, account related negligence, account related failure to supervise, unauthorized transactions, excessive trading, failure to disclose, use of fraudulent devices, misrepresentation, breach of contract and common law fraud. An Award was issued on April 28, 1993 in which DiJulio was liable and required to pay $9,625.00 and $27,975.00.
On June 25, 1996 a customer initiated arbitration was filed alleging damages in the amount of $500,001.00 for breach of fiduciary duty, misrepresentation, account related failure to supervise and omission of facts. An Award was issued on August 12, 1997 in the amount of $115,000.00.
On December 12, 2004 a customer initiated a civil suit in the Superior Court of the State of Washington, Kings County alleging damages in the amount of $400,000.00 for unauthorized, excessive and unsuitable. The case was settled on December 21, 2004 for $105,000.00.
Find Out if you have Recourse
If you or someone you know has complaints regarding Brian Gregory DiJulio and/or NBC Securities, Inc., you may be entitled to recover lost funds. The Law Office of Kevin J. Deloatch, Esq. has an extensive securities law practice and over 30 years of experience on Wall Street. Call today at (646) 792-2156 for a free consultation. The time to file your claim may be limited so you should call today to avoid delay.