GAETANO ONORIO

GAETANO ONORIO is currently employed as a Broker and/or Investment Adviser at CAPITAL INVESTMENT GROUP, INC. located at 8 BRIARWOOD DRIVE, DANVERS, MA, 01923.

GAETANO ONORIO has worked at CAPITAL INVESTMENT GROUP, INC. since September 08, 2015

Disclosure History

GAETANO ONORIO has 2 Disclosure Event(s).

Date: November 18, 2015
Category: Regulatory
Initiated By: Massachusetts
Allegations: On or about September 8, 2015, CIGI submitted to the CRD of FINRA a BD Agent Application seeking registration of Onorio as an agent of CIGI in Massachusetts. On or about August 29, 2014, FFSI initiated an internal review of the processing of certain life insurance policies for which Michelle Onorio, the wife and supervisor of Gaetano Onorio, was responsible for processing and/or supervising. At issue was inaccurate documentation regarding the agent of record for two (2) life insurance policies. Michelle Onorio allowed her husband, Gaetano Onorio, to sign as a witness for two (2) delivery receipts on policies that she had sold and delivered and also allowed him to be listed as the agent of record on policy documents. Michelle Onorio stated that in her position as branch office manager with FFSI that she was told by management to concentrate on her duties in this capacity and not to take on new business. This course of action by-passed management's directive, violated firm policies and caused FFSI's books and records to be inaccurate. This resulted in the termination of Onorio's registration as a broker-dealer agent of FFSI in Massachusetts.The above-stated disclosure incidents against Onorio have moved the Division to place conditions on his registration as a broker-dealer agent of CIGI.
Resolution: Consent
Sanctions: In view of the foregoing, the Division determines that it is in the public interest to allow Onorio's application for registration in Massachusetts as a broker-dealer agent of CIGI upon the conditions set forth below. Therefore, IT IS HEREBY ORDERED that:A.Onorio shall be supervised, on a heightened basis, by CIGI.

Date: July 27, 2015
Category: Employment Separation After Allegations
Firm Name: FIRST INVESTORS CORPORATION
Termination Type: Discharged
Allegations: GAETANO WAS DISCHARGED BASED ON ALLEGATIONS BY FIC AND FORESTERS THAT HE VIOLATED INVESTMENT RELATED STATUTES, REGULATIONS AND RULES BY CREATING INACCURATE RECORDS AS AGENT OF RECORD AND SIGNATURE WITNESS ON SALES OF FIXED LIFE INSURANCE POLICIES (NON SECURITIES PRODUCTS). FIC BELIEVES THESE ACTIONS VIOLATE INDUSTRY STANDARDS OF CONDUCT AS DISCLOSED IN THIS FORM U5.
Broker Comment: REP UNINTENTIONALLY SIGNED IN THE WRONG SPACE ON A FIXED LIFE INSURANCE POLICY (NON SECURITIES PRODUCT).

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