SEC Bars AOC Securities Stockbroker For Fraud

Frank Anthony Dinucci Jr. of New York New York a stockbroker associated with AOC Securities LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealers or investment advisers according to an SEC Order founded on Dinucci pleading guilty to committing securities fraud. In the Matter of Frank Dinucci Jr. Administrative Proceeding File No. 3-18985 (Feb. 5, 2019).

SEC noted that Dinucci pleaded guilty to one count of securities fraud, one count of wire fraud, one count of conspiracy to commit wire fraud and securities fraud, and one count of falsifying statements. United States v. Frank Dinucci Jr. Criminal Action No. 18 Cr. 332 (S.D.N.Y. Apr. 6, 2017). SEC indicated that Dinucci was accused of having made omissions as well as misleading and false representations to his customers regarding the values of a hedge fund based in New York. Dinucci allegedly provided inflated price quotes to Premium Point Investments LP in return for Premium Point Investments trades to be sent to AOC.

SEC also referenced the stockbroker’s alleged failure to comply with a deferred prosecution agreement in which the stockbroker was supposed to refrain from associating with any securities broker dealer. Four certifications had allegedly been provided by Dinucci to the regulator that falsely conveyed that he was not associating with a broker dealer.

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Dinucci was terminated by AOC Securities LLC on April 6, 2017 based upon accusations of the stockbroker having entered into a plea agreement relating to the securities fraud charges. He was previously associated with the securities broker dealer but terminated on October 8, 2015 based upon allegations of his misrepresentations relating to his trading activities.