FINRA recently named Adam Belardino of New Rochelle as a Respondent in a Complaint. FINRA alleges that Belardino failed to appear for on-the-record testimony. Belardino was employed at Barnum Financial Group in Elmsford, New York from 2007 to March 2019. During that time, Belardino was a registered representative for MML Investors Services, LLC, which is an affiliate of Massachusetts Mutual Life Insurance Co. He was terminated in March 2019 relating to his firm’s investigation into a customer complaint against him.
Adam Belardino & FINRA Complaint
The Complaint alleges that FINRA began investigating Belardino’s termination from MML Investors Services in April 2019. On July 23, 2019, FINRA requested that Belardino provide a signed statement in response to several matters:
On August 20, 2019, Belardino provided a response to FINRA in which he stated that he was unable to respond to the allegations related to three of the four customer complaints because he did not have access to any of the relevant documents.
FINRA staff then asked Belardino’s counsel to provide dates when he was available to provide on-the-record testimony. After failing to appear for on-the-record testimony in November and December 2020, FINRA notified Belardino that he would be suspended effective January 2020.
Adam Belardino’s Previous Registrations
According to the BrokerCheck, Adam Belardino has worked 12 years in the securities industry. He was most recently registered with MML Investors Services in Elmsford, New York. Belardino was previously registered with MSI Financial Services in Elmsford, New York (2007-2017); MetLife Securities in Shelton, Connecticut (2007); and Metropolitan Life Insurance Company (2007).
Adam Belardino was terminated in connection with investigation into a customer complaint on March 25, 2019. MML Investors Services, LLC reported to FINRA that it terminated Adam Belardino in connection with investigation into a customer complaint.
Customer Disputes Against Adam Belardino
Currently, Adam Belardino has 6 customer disputes appearing on his BrokerCheck.
Investment Losses with Adam Belardino – Contact Us
Former and current customers of Adam Belardino with investment losses that exceed $100,000, and those who may have information relating to the manner in which the firm handled their accounts, are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131, and download our Special Investor Report.
About KlaymanToskes
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net‐worth, ultra‐high‐net‐worth, and institutional investors, such as non‐profit organizations, unions, public and multi‐employer pension funds. KlaymanToskes has office locations in California, Florida, New York and Puerto Rico.
Contact:
KlaymanToskes
Lawrence L. Klayman, Esq. (561) 542-5131
lklayman@klaymantoskes.com
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