A recent investor complaint disclosed on Jamestown, North Dakota financial advisor Paul Witthauer’s (CRD# 1672263) BrokerCheck report concerns allegations regarding...Read More
Chris Polinaire: FINRA Investigated Hauppage Financial Advisor
The Financial Industry Regulatory Authority has investigated allegedly unsuitable trading by Network 1 Financial Securities broker Chris Polinaire (CRD# 4330879). FINRA records show that Mr. Polinaire is based in Hauppage, New York, and has previously been registered with firms including Arive Capital Markets and First Standard Financial.
According to Mr. Polinaire’s BrokerCheck report, in June 2022 FINRA made a preliminary determination to recommend disciplinary action against him. The disclosure states that the action would concern allegations he violated FINRA Rules 2111 and 2010 by engaging in “excessive and unsuitable trading in customer accounts.” For reference, FINRA Rule 2111 mandates that financial advisors recommend only investments that are in keeping with their customers’ background and objectives. To make this determination, they must consider the investor’s risk tolerance, age, tax status, income, investment experience, financial needs, and more. FINRA’s recommendation has not yet evolved into any disciplinary action reflected on Mr. Polinaire’s BrokerCheck report.
According to the Financial Industry Regulatory Authority, Chris Polinaire holds 16 years of securities industry experience. Based in Hauppage, New York, he has been a broker with Network 1 Financial Securities since February 2021. His past registrations include Arive Capital Markets (Ronkonkoma, New York; 2017-2020), First Standard Financial Company (Garden City, New York; 2015-2016), Rockwell Global Capital (Melville, New York; 2015), Salomon Whitney (Farmingdale, New York; 2013-2014), CBG Financial Group (Melville, New York; 2013), Dalton Strategic Investment Services (Port Jefferson, New York; 2012-2013), First Midwest Securities (Hauppage, New York; 2012), Cape Securities (Holbrook, New York; 2010-2012), Avalon Partners (Holbrook, New York; 2010), Liberty Partners Financial Services (Holbrook, New York; 2008-2010), American Capital Partners (Medford, New York; 2008), America’s Choice Equities (Hauppage, New York; 2008), J.P. Turner & Company (Medford, New York; 2007-2008), Milestone Financial Services (Bohemia, New York; 2004-2007), and LH Ross & Company (Boca Raton, Florida; 2004). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He holds 37 state licenses. (Information current as of June 14, 2022.)
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