Joseph Lianzo Suspended by FINRA Over Excessive Fees

Joseph Lianzo (CRD 4516842) has been suspended by FINRA. The suspension was announced in August 2021. Here are the important details:

Fast Facts About Joseph Lianzo’s Suspension

• The suspension started on September 20, 2021 and will end on May 19, 2022.
• The suspension involved excessive trading in customer accounts. Specifically, FINRA cited one customer who paid $127,506 in commissions and lost $293,308.
• Joseph Lianzo is associated with SW Financial in Melville, New York. He was previously registered with Arive Capital Markets and Laidlaw & Company.
• According to FINRA, “in light of Lianzo’s financial status, no monetary sanction has been imposed.”
• Joseph Lianzo has a history of investor complaints, including complaints related to churning and excessive fees.

Copy of FINRA’s AWC with Lianzo

Did You Lose Money Investing with Joseph Lianzo?

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