The US Securities and Exchange Commission is investigating Westlake Village, California stockbroker Thomas Swan (CRD# 1698430) over alleged violations of...Read More
FINRA Bars Danbury Rep Maureen Scalzo: Possible Falsified Forms
Maureen Scalzo (CRD# 1349675), formerly a broker based in Danbury, Connecticut, has been barred by securities industry authorities in connection to findings she failed to provide testimony during a FINRA investigation into possible falsification of customer forms. Publicly available records indicate Scalzo was most recently registered with Benjamin F. Edwards & Company.
According to a Letter of Acceptance, Waiver and Consent (No. 2018059088001) dated October 2019, FINRA sent Maureen Scalzo a request on June 18, 2019 to provide on-the-record testimony in connection with a FINRA investigation into the possible “alteration or falsification of customer forms.” She indicated in a July 19 letter to FINRA staff that she had received the request and would not appear for such testimony “at any time.” FINRA’s findings state that this refusal constituted a violation of FINRA Rule 8210, which grants FINRA the right to require its members to appear and provide testimony connected to its investigations, complaints, examinations, or proceedings. FINRA also found that her refusal constituted a violation of FINRA Rule 2010, which concerns high standards of commercial honor. As a result of the foregoing alleged conduct, FINRA barred Maureen Scalzo from association with any FINRA member in any capacity.
Maureen Scalzo’s BrokerCheck report contains one other disclosure, in addition to the FINRA bar: a 2009 discharge from Wells Fargo Advisors after allegations she violated firm policies and procedures regarding the alteration of information on client documents.
Maureen Scalzo is currently not registered with any FINRA member firm. Her previous registrations include Benjamin F. Edwards & Company in Danbury, Connecticut; Wells Fargo Advisors in Danbury, Connecticut; and Harris Associates Securities. She has passed three securities industry qualification examinations: Uniform Securities Agent State Law Examination, or Series 63; Securities Industry Essentials Examination, or SIE; and General Securities Representative Examination, or Series 7. She currently holds no state securities licenses. (Information current as of April 15, 2020.)