FRANK JOSEPH CILENTO is currently employed as a Broker and/or Investment Adviser at CHELSEA FINANCIAL SERVICES located at 242 MAIN STREET, STATEN ISLAND, NY, 10307.
FRANK JOSEPH CILENTO has worked at CHELSEA FINANCIAL SERVICES since November 09, 2009
Disclosure History
FRANK JOSEPH CILENTO has 7 Disclosure Event(s).
Date: March 15, 2012 Category: Regulatory Initiated By: ILLINOIS Allegations: ON FEBRUARY 7TH, 2012 FINRA ENTERED LETTER OF ACCEPTANCE, WAIVER AND CONSENT("AWC" OR "ORDER")SUBMITTED BY THE RESPONDENT REGARDING DISCIPLINARY PROCEEDING NO.20090196911204 Resolution: Order Sanctions: RESPONDENT SHALL CAUSE TO HAVE HIS REGISTRATION AS A SALESPERSON IN THE STATE OF ILLINOIS WITHDRAWN WITHIN THREE (3)DAYS FROM THE ENTRY OF THIS CONSENT ORDER AND WILL NOT RE-APPLY FOR REGISTRATION FOR A PERIOD OF TWO(2)YEARS FROM THE ENTRY OF THIS CONSENT ORDER.THE FORMAL HEARING SCHEDULED ON THIS MATTER IS HEREBY DISMISSED WITHOUT FURTHER PROCEEDINGS Broker Comment: THIS IS A PIGGYBACK ORDER TO AWC SUBMITTED IN CONJUNCTION TO FINRA PROCEEDING # 20090196911204
Date: February 07, 2012 Category: Regulatory
Date: January 13, 2010 Category: Customer Dispute Allegations: ALLEGATIONS OF MISREPRESENTATION REGARDIING A PONZI SCHEME Damage Amount Requested: $9,000.00 Settlement Amount: $3,000.00
Date: April 17, 2009 Category: Customer Dispute Allegations: CUSTOMER ALLEGED MISREPRESENTATION REGARDING AN ALLEGED PONZI SCHEME. Damage Amount Requested: $45,700.00 Settlement Amount: $30,000.00 Broker Comment: THERE WERE 2 SEPERATE SETTLEMENT AGREEMENTS. PARK AVENUE SETTLED FOR $21,000 AND FRANK CILENTO SETTLED FOR $9,000. THE COMBINED TOTAL WAS $30,000
Date: March 27, 2009 Category: Employment Separation After Allegations Firm Name: PARK AVENUE SECURITIES LLC Termination Type: Voluntary Resignation Allegations: MR. CILENTO RESIGNED DURING THE COURSE OF AN INTERNAL INVESTIGATION INVOLVING POSSIBLE VIOLATIONS OF PAS POLICIES AND PROCEDURES REGARDING SELLING AWAY AND OUTSIDE BUSINESS ACTIVITIES. DURING THE INVESTIGATION, MR. CILENTO INFORMED PAS THAT HE RECEIVED COMPENSATION AS A RESULT OF THESE ACTIVITIES.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for FRANK JOSEPH CILENTO, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.