An investor complaint against Hilltop Securities advisors Brad Winges (CRD# 1929509) and Steve Coma (CRD# 1414147) alleges eight-figure damages. Financial...Read More
Dan Arcuri: FINRA Bars Ex-Thrivent Broker, Alleges Funds Misuse
Dan Arcuri (CRD# 2200431), formerly a financial professional in Greensburg, Pennsylvania, has been sanctioned by the Financial Industry Regulatory Authority (FINRA) in connection to allegations he did not cooperate with an investigation into whether he engaged in outside business activities and misused customer funds. Formerly registered with Thrivent Investment Management, Arcuri was barred from acting as a broker.
According to a Decision (No. 2017056688202) dated February 2020, Dan Arcuri was associated with Thrivent investment Management as an Investment Company and Variable Contracts Products Representative from 1992 until December 2017, when the firm disclosed his termination over allegations he failed to “seek and obtain Firm approval to engage in an outside business activity as the representative of the estate of a deceased client.” FINRA subsequently initiated an investigation into his “potential misuse of customer funds” and undisclosed outside business activities. In connection with this investigation, FINRA sent him multiple requests to provide documents and information, and to provide in-person, on-the-record testimony. He was informed that failure to appear for testimony could violate FINRA Rule 8210 and possibly lead to his sanction or bar, the order states, and while he indicated at one point that he might request an extension of the testimony date, he did not end up requesting such. FINRA states that he did not produce the documents and information, and that he failed to appear on his scheduled testimony dates. FINRA found that these failures to comply constituted violations of FINRA Rules 8210 and 2010. As a result of the foregoing alleged conduct, he was barred from associating with any FINRA member firm in any capacity.
Dan Arcuri is currently not registered as a broker. His previous registrations include Thrivent Investment Management in Greensburg, Pennsylvania. He has passed three securities industry qualifying examinations and his BrokerCheck report lists zero state securities licenses. (Information current as of May 27, 2020.)