Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 14, 2019 indicate that former New Jersey-based First Standard Financial Company broker Philip Noto has been sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Noto (CRD# 4837180).
Philip Noto has spent nine years in the securities industry and was most recently registered with First Standard Financial Company in Red Bank, New Jersey (2014-2018). Previous registrations include Alexander Capital in Staten Island, New York (2012-2014); Brookstone Securities in Freehold, New Jersey (2009-2012); and Gunnallen Financial in Tampa, Florida (2004-2005). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 13, 2010; SIE (Securities Industry Essentials Examination), which he obtained on August 20, 2018; Series 7 (General Securities Representative Examination), which he obtained on November 21, 2009; Series 4 (Registered Options Principal Examination), which he obtained on March 8, 2013; and Series 24 (General Securities Principal Examination), which he obtained on January 6, 2010. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received two regulatory sanctions and one pending customer complaint.
In May 2019 FINRA sanctioned him in connection to allegations he failed to respond to a request for information. He was suspended from acting as a broker “until required information is provided to FINRA or the suspension converts to a bar.”
In February 2019 a customer alleged Philip Noto, while employed at Oppenheimer & Company, National Securities Corporation, and First Standard Financial Company, executed unauthorized trades and recommended unsuitable investments. The customer is seeking $668,000 in damages in the pending complaint.
In 2018 the SEC sanctioned him in connection to allegations he failed to reasonably supervise two representatives so as to detect and prevent their violations of securities laws by recommending unsuitable investments and churning accounts. He was issued an indefinite bar from acting in a supervisory capacity and a fine of $20,000.
If you have lost money investing with Philip Noto, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited by law, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.