| STEPHANIE ANN GALLITANO |
NFA 05BCC00012 |
NFA ID: 0293363 |
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| 0319602 | ALLENDE, GEORGE O | 01/25/2007 | | 0342082 | FINANCIAL RISK INVESTMENTS | 11/13/2006 | | 0293363 | GALLITANO, STEPHANIE ANN | 11/13/2006 | | 0342293 | SALTALAMACCHIA, PHILIP | 06/28/2006 | | 0325465 | WEKSLER, RONALD H | 11/13/2006 |
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| 0319602 | ALLENDE, GEORGE O | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | 0342082 | FINANCIAL RISK INVESTMENTS | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • BLAW301(b) - REGISTRATION OF APS AS ASSOCIATES | | | | • C.R.2-5 - FAILURE TO COOPERATE W/ NFA | | | | • R.R.208 - CHANGES REQUIRING NEW REGISTRATION | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | 0293363 | GALLITANO, STEPHANIE ANN | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-5 - FAILURE TO COOPERATE W/ NFA | | | | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | 0325465 | WEKSLER, RONALD H | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES |
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| 0319602 | ALLENDE, GEORGE O | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0342082 | FINANCIAL RISK INVESTMENTS | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0293363 | GALLITANO, STEPHANIE ANN | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE | | 0342293 | SALTALAMACCHIA, PHILIP | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0325465 | WEKSLER, RONALD H | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE |
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| 0319602 | ALLENDE, GEORGE O | • SALES PRACTICE | | 0342082 | FINANCIAL RISK INVESTMENTS | • SALES PRACTICE | | | | • GENERAL CONDUCT | | | | • REGISTRATION | | 0293363 | GALLITANO, STEPHANIE ANN | • GENERAL CONDUCT | | | | • SALES PRACTICE | | 0325465 | WEKSLER, RONALD H | • GENERAL CONDUCT |
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| 0319602 | ALLENDE, GEORGE O | • TEMPORARY BAR FROM NFA MEMBERSHIP 6 MTHS | 01/10/2007 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 6 MTHS | 01/10/2007 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 6 MTHS | 01/10/2007 | | | | • REQUIRED TO TAPE RECORD 6 MTHS | 01/10/2007 | | 0342082 | FINANCIAL RISK INVESTMENTS | • TEMPORARY BAR FROM NFA MEMBERSHIP 3 YRS | 10/26/2006 | | 0293363 | GALLITANO, STEPHANIE ANN | • REQUIRED TO TAPE RECORD 6 MTHS | 10/26/2006 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 2 YRS | 10/26/2006 | | | | • TEMPORARY BAR FROM NFA MEMBERSHIP 2 YRS | 10/26/2006 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 2 YRS | 10/26/2006 | | 0342293 | SALTALAMACCHIA, PHILIP | • DISMISSED | 06/28/2006 | | 0325465 | WEKSLER, RONALD H | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 2 YRS | 10/26/2006 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 4 YRS | 10/26/2006 |
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On July 21, 2005, NFA issued a Complaint charging FRI with failure to file required registration information listing a principal; and association with unregistered individuals who were required to be registered. The Complaint charged FRI and Gallitano with failure to comply with an order issued by an NFA Hearing Panel and Saltalamacchia is charged with being a cause of FRI's violations. In addition, the Complaint charged FRI, Allende and Gallitano with making deceptive and misleading sales solicitations. Finally, FRI, Gallitano and Weksler are charged with failing to diligently supervise employees and agents in the conduct of their commodity futures activities.
ANSWER -
On November 9, 2005, FRI, Saltalamacchia, Allende and Gallitano filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION -
On January 10, 2007, Allende was ordered not to apply for NFA membership, associate membership or principal status with any NFA Member for six months. Allende was also ordered to tape record any and all conversations with customers or prospective customers for six months. In addition, he shall cause any and all APs sponsored by any Member of which he is a principal to tape record any and all conversations with customers or prospective customers for six months. Allende must promptly produce such recordings to NFA in a manner in which the participants and dates of the conversations can be readily identified. Only periods during which Allende is an NFA Member or a principal or an Asscoiate of an NFA Member will be counted. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On July 21, 2005, NFA issued a Complaint charging FRI with failure to file required registration information listing a principal; and association with unregistered individuals who were required to be registered. The Complaint charged FRI and Gallitano with failure to comply with an order issued by an NFA Hearing Panel and Saltalamacchia is charged with being a cause of FRI's violations. In addition, the Complaint charged FRI, Allende and Gallitano with making deceptive and misleading sales solicitations. Finally, FRI, Gallitano and Weksler are charged with failing to diligently supervise employees and agents in the conduct of their commodity futures activities.
ANSWER -
On November 9, 2005, FRI, Saltalamacchia, Allende and Gallitano filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION -
On October 26, 2006, FRI was ordered not to apply for NFA membership for three years. Gallitano was ordered not to apply for NFA membership or associate membership or act as a principal of any NFA Member for two years. In addition. Gallitano was ordered to tape record any and all conversations with customers or prospective customers for six months. Gallitano was also ordered to cause any and all APs sponsored by any Member of which she is a principal during the six-month period to tape record any and all conversations with customers or prospective customers during that period. Gallitano must promptly produce any and all recordings to NFA upon written request by NFA in a manner in which the participants and dates of the conversations can be readily identified. Only periods during which Gallitano is an NFA Member or a principal or an Associate of an NFA Member will be counted.
The Decision regarding Weksler accepted his agreement to not apply for NFA associate membership for two years and to not be a principal of any NFA Member and to not act in any capacity that would require him to be disclosed as a principal of any NFA Member or in a supervisory capacity for any NFA Member for four years. The Panel's Decision makes no adverse findings as to Weksler with regard to the allegations made against him in the Complaint. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On July 21, 2005, NFA issued a Complaint charging FRI with failure to file required registration information listing a principal; and association with unregistered individuals who were required to be registered. The Complaint charged FRI and Gallitano with failure to comply with an order issued by an NFA Hearing Panel and Saltalamacchia is charged with being a cause of FRI's violations. In addition, the Complaint charged FRI, Allende and Gallitano with making deceptive and misleading sales solicitations. Finally, FRI, Gallitano and Weksler are charged with failing to diligently supervise employees and agents in the conduct of their commodity futures activities.
ANSWER -
On November 9, 2005, FRI, Saltalamacchia, Allende and Gallitano filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION -
On October 26, 2006, FRI was ordered not to apply for NFA membership for three years. Gallitano was ordered not to apply for NFA membership or associate membership or act as a principal of any NFA Member for two years. In addition. Gallitano was ordered to tape record any and all conversations with customers or prospective customers for six months. Gallitano was also ordered to cause any and all APs sponsored by any Member of which she is a principal during the six-month period to tape record any and all conversations with customers or prospective customers during that period. Gallitano must promptly produce any and all recordings to NFA upon written request by NFA in a manner in which the participants and dates of the conversations can be readily identified. Only periods during which Gallitano is an NFA Member or a principal or an Associate of an NFA Member will be counted.
The Decision regarding Weksler accepted his agreement to not apply for NFA associate membership for two years and to not be a principal of any NFA Member and to not act in any capacity that would require him to be disclosed as a principal of any NFA Member or in a supervisory capacity for any NFA Member for four years. The Panel's Decision makes no adverse findings as to Weksler with regard to the allegations made against him in the Complaint. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On July 21, 2005, NFA issued a Complaint charging FRI with failure to file required registration information listing a principal; and association with unregistered individuals who were required to be registered. The Complaint charged FRI and Gallitano with failure to comply with an order issued by an NFA Hearing Panel and Saltalamacchia is charged with being a cause of FRI's violations. In addition, the Complaint charged FRI, Allende and Gallitano with making deceptive and misleading sales solicitations. Finally, FRI, Gallitano and Weksler are charged with failing to diligently supervise employees and agents in the conduct of their commodity futures activities.
ANSWER -
On November 9, 2005, FRI, Saltalamacchia, Allende and Gallitano filed an Answer to the Complaint in which they denied the material allegations contained therein.
ORDER -
On June 28, 2006, Saltalamacchia was dismissed as a Cause Respondent in this matter. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On July 21, 2005, NFA issued a Complaint charging FRI with failure to file required registration information listing a principal; and association with unregistered individuals who were required to be registered. The Complaint charged FRI and Gallitano with failure to comply with an order issued by an NFA Hearing Panel and Saltalamacchia is charged with being a cause of FRI's violations. In addition, the Complaint charged FRI, Allende and Gallitano with making deceptive and misleading sales solicitations. Finally, FRI, Gallitano and Weksler are charged with failing to diligently supervise employees and agents in the conduct of their commodity futures activities.
ANSWER -
On August 19, 2005, Weksler filed an Answer to the Complaint in which he denied the material allegations contained therein.
DECISION -
The October 26, 2006 Decision regarding Weksler accepted his agreement to not apply for NFA associate membership for two years and to not be a principal of any NFA Member and to not act in any capacity that would require him to be disclosed as a principal of any NFA Member or in a supervisory capacity for any NFA Member for four years. The Panel's Decision makes no adverse findings as to Weksler with regard to the allegations made against him in the Complaint. | | |
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| 0319602 | ALLENDE, GEORGE O | ANSWER | | 0319602 | ALLENDE, GEORGE O | COMPLAINT | | 0319602 | ALLENDE, GEORGE O | DECISION | | 0342082 | FINANCIAL RISK INVESTMENTS | ANSWER | | 0342082 | FINANCIAL RISK INVESTMENTS | COMPLAINT | | 0342082 | FINANCIAL RISK INVESTMENTS | DECISION | | 0293363 | GALLITANO, STEPHANIE ANN | ANSWER | | 0293363 | GALLITANO, STEPHANIE ANN | COMPLAINT | | 0293363 | GALLITANO, STEPHANIE ANN | DECISION | | 0342293 | SALTALAMACCHIA, PHILIP | ANSWER | | 0342293 | SALTALAMACCHIA, PHILIP | COMPLAINT | | 0325465 | WEKSLER, RONALD H | ANSWER | | 0325465 | WEKSLER, RONALD H | COMPLAINT | | 0325465 | WEKSLER, RONALD H | DECISION |
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