Daniel Joseph Arcuri Jr. of Greensburg Pennsylvania a stockbroker formerly registered with Thrivent Investment Management Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he neglected to provide recorded testimony to FINRA personnel for its investigation into allegations that (1) Arcuri misappropriated a customer’s funds and (2) Arcuri engaged in outside business activities that were not disclosed to the firm. Department of Enforcement v. Daniel J. Arcuri Jr. Disciplinary Proceeding No. 2017056688202 (Oct. 22, 2019).

According to the Complaint, Arcuri was investigated by FINRA based upon information that Thrivent Investment Management Inc. disclosed in regard to his termination. Allegedly, a Form U5 had been provided by Thrivent to FINRA which indicated that Arcuri was under investigation by the securities broker dealer at the time of his termination for potentially misusing funds belonging to a deceased customer’s estate, and for Arcuri engaging in undisclosed outside business activities including being the executor for the client’s estate.

The Complaint stated that Arcuri was instructed by FINRA to turn over information and documentation by a deadline of February 2, 2018 concerning the accusations set forth by Thrivent. Arcuri failed to cooperate by that deadline. The Complaint alleged that Arcuri also failed to cooperate with FINRA’s request for his testimony on July 16, 2019. Arcuri was purportedly warned by FINRA that he could be sanctioned for failing to cooperate with FINRA Rule 8210, which mandated his production of the information and documentation. FINRA alleged that Arcuri’s lack of cooperation was violative of FINRA Rules 2010 and 8210.

Arcuri was registered with Thrivent Investment Management Inc. between September 2, 1992 and December 8, 2017.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website