HENRY CORRAO is currently employed as a Broker and/or Investment Adviser at JOSEPH STONE CAPITAL L.L.C. located at 18 PROSPECT STREET, HUNTINGTON, NY, 11743.
HENRY CORRAO has worked at JOSEPH STONE CAPITAL L.L.C. since August 15, 2017
Disclosure History
HENRY CORRAO has 12 Disclosure Event(s).
Date: November 30, 2011 Category: Customer Dispute Allegations: UNAUTHORIZED TRADES Damage Amount Requested: $15,324.00 Broker Comment: CUSTOMER CLAIMED TWO TRADES IN HIS ACCOUNT WERE UNAUTHORIZED; BROKER CATEGORICALLY DISPUTES CLAIMS. CLAIM DENIED.
Date: November 01, 2009 Category: Judgment / Lien Judgment/Lien Amount: $291,000.00 Judgment/Lien Type: Tax Broker Comment: IN OCTOBER I RAN A CREDIT REPORT THAT SHOWED I HAD A FEDERAL TAX LIEN THAT I WAS UNAWARE OF. I HAVE GIVEN THE INFORMATION TO MY ACCOUNTANT AND WE ARE IN THE PROCESS OF DEALING WITH THIS MATTER.
Date: April 29, 2009 Category: Regulatory Initiated By: VERMONT Allegations: REVIEW OF DRP HISTORY INDICATES A NEED FOR IMPOSITION OF HEIGHHTENED SUPERVISION AS A CONDITION OF REGISTRATION PRIOR TO APPROVAL OF APPLICATION AS A BROKER-DEALER SALES REPRESENTATIVE IN VERMONT Resolution: Order Sanctions: ORDER IMPOSING HEIGHTENED SUPERVISION IN CONNECTION WITH REGISTRATION UNDER THE VERMONT SECURITIES ACT AND CONSENT TO SAME Sanction Details: ORDER FOR HEIGHTENED SUPERVISION SHALL REMAIN IN FULL FORCE AND EFFECT FOR A PERIOD OF NOT LESS THAN TWO (2) YEARS FROM ITS EFFECTIVE DATE. AFTER THE TWO-YEAR PERIOD, PETITION MAY BE MADE TO THE VERMONT SECURITIES DIVISION TO HAVE SOME OR ALL OF THE CONDITIONS OF HEIGHTENED SUPERVISION REMOVED OR MODIFIED. RELEASE FROM THE TERMS AND CONDITIONS OF THE ORDER SHALL BE MADE OR DENIED AT THE DIVISION'S DISCRETION.
Date: July 17, 2008 Category: Criminal Charges: PL 165.45-1, CRIMINAL POSSESSION OF STOLEN PROPERTY IN THE 4TH DEGREE Charge Type: FELONY Disposition: PLED GUILTY & SENTENCE IMPOSED TO CHARGE PG 165.40 POSSESSION OF STOLEN PROPERTY IN THE FIFTH DEGREE -A MISDEMEANOR, IMPRISONMENT 45 DAYS - START DATE 07/17/2008, ZERO (0) DOLLARS FINE Broker Comment: REGISTRANT CONTENDS THAT HE WAS A PASSENGER IN A VEHICLE DRIVEN BY CO-DEFENDANT WHO HAD COMMITTED THE OFFENSE WITHOUT THE REGISTRANTS KNOWLEDGE. REGISTRANT CONTENDS THAT HE HAPPENED TO BE IN THE WRONG PLACE AT THE WRONG TIME.
Date: November 17, 2006 Category: Criminal Charges: 1 COUNT; FELONY; CRIMINAL CONTEMPT 1ST DEGREE; PHYSICAL CONTACT CLASS E FELONY; PLED GUILTY TO REDUCED MISDEMEANOR CHARGE Charge Type: FELONY Disposition: PLED GUILTY TO REDUCED MISDEMEANOR CHARGE; CASE HAS BEEN ADJOURNED UNTIL JANURY 18, 2007 FOR SENTENCING.
Date: October 23, 2002 Category: Judgment / Lien Judgment/Lien Amount: $72,223.00 Judgment/Lien Type: Civil Broker Comment: LEASED A CAR IN 1996 AND WITHIN THE FIRST 30 DAYS, THE CAR CAUGHT ON FIRE. THE CAR WAS BROUGHT BACK TO THE DEALERSHIP WHERE I WAS TOLD THERE WAS A PROBLEM WITH THE COIL AND A SHUT DOWN LIGHT WAS ON. THE CAR COMPANY CLAIMED IT WAS MY NEGLIGENCE THAT I CONTINUED TO DRIVE THE CAR WITH THE INDICATOR LIGHT ON. THEY CLAIMED THEY WERE NOT RESPONSIBLE. THE INSURANCE WOULD NOT COVER IT BECAUSE THE CAR WAS UNDER 30 DAYS AND WANTED THE DEALERSHIP TO PAY FOR THE REPAIRS. I DID NOT HAVE FUNDS TO TAKE THEM BOTH TO COURT TO GET IT RESOLVED AND THE LEASING COMPANY WAS AWARDED A JUDGMENT. IN 2002 I MET WITH THEIR ATTORNEYS AND SETTLED THE CASZE FOR $15,000.00, PAID TO THEM BY BANK CHECK. THEY ASSURED ME IT WOULD COME OFF MY CREDIT WITHIN A YEAR. BOTH THE DEALERSHIP AND THE LEASING COMPANY ARE NO LONGER IN BUSINESS.
Date: June 01, 2000 Category: Customer Dispute Allegations: OVERPURCHASE/UNAUTHORIZED USE OF MARGIN Damage Amount Requested: $25,910.00 Settlement Amount: $25,910.00 Broker Comment: AS TO CUSTOMER'S ALLEGATIONS OF OVERPURCHASE AND UNAUTHORIZED MARGIN, CUSTOMER & I HAD SEVERAL DISCUSSIONS ON MARGIN. I EXPLAINED IN DETAIL & SENT CORRESPONDENCE. WE RECEIVED THE MARGIN AGREEMENT. AFTER SEVERAL SUCCESSFUL TRADES ON MARGIN WE PURCHASED SHARES OF CRAY COMPUTER. CUSTOMER RECEIVED A MARGIN CALL AS WELL AS A CALL FROM ME. HE EXPLAINED TO ME THAT HE WAS SENDING A WIRE TO COVER AND MADE ARRANGEMENTS WITH THE SALES ASSISTANT. NO WIRE WAS RECEIVED. HIS STOCK WAS SOLD OUT AND MONTHS LATER HE FILED HIS COMPLAINT.I BELIEVE HIS ALLEGATIONS ARE SIMPLY UNFOUNDED IN AN ATTEMPT TO RECOUPE LOSES OCCURED THAT OCCURED IN HIS ACOCUNT.
Date: May 26, 2000 Category: Customer Dispute Allegations: ON MARCH 1,2000 OVER THE PURCHASE OF TERA COMP SHARES, ALLEGED UNATHOURIZED USE OF MARGIN FUNDS RESULTING IN MARGIN CALLS. SPOKE TO MICHAEL, WANTED TO SEND FUNDS BACK TO HIM FROM SAX TO XYBR. ASKED ME IF I HAD ANYTHING ELSE I LIKED, I TOLD HIM TERA, MICHAEL SAID OK. TOLD HIM I WANTED TO BUY 2900 SHARES ON MARGIN. HE SAID OK. Settlement Amount: $6,301.25
Date: May 26, 2000 Category: Customer Dispute Allegations: OVERPURCHASE/UNAUTHORIZED USE OF MARGIN Settlement Amount: $6,301.25 Broker Comment: THIS ITEM IS NO LONGER DISCLOSABLE.AS TO CUSTOMER'S ALLEGATIONS OF OVERPURCHASE & UNAUTHORIZED USE OF MARGIN CUSTOMER PURCHASED 1000 SHARES OF IBSX ON MARGIN WITH A PROFIT OF $ 3750. ON 2/11/20 XYBR HAD A PROFIT OF $4171.00 THERE WERE NO COMPLAINTS. HOWEVER, ON 4/07/2000 CUSTOMER PURCHASED 2400 SHARES OF CRAY COMPUTER RESULTING IN A LOSS. THE COMPLAINT IN MY OPINION WAS JUST A RESULT OF THE CLIENT NOT WANTING TO TAKE LOSSES EVEN WITH HIS SIGNED MARGIN AGREEMENT AS WELL AS A CLIENT PROFILE TO PURCHASE SPECULATIVE SECURITIES. HIS ALLEGATIONS ARE TOTALLY UNTRUE AND JUST AN EFFORT TO BE COMPENSATED FOR LOSSES IN HIS ACCOUNT.
Date: November 27, 1996 Category: Judgment / Lien Judgment/Lien Amount: $2,959.00 Judgment/Lien Type: Civil Broker Comment: HAD A ONE YEAR LEASE AT SAID CONDOMINIUM. LEFT AFTER THE LEASE WAS UP AND FOUND OUT ABOUT THE JUDGMENT AFTER RUNNING MY CREDIT REPORT IN 2012.
Date: January 08, 1996 Category: Customer Dispute Allegations: ALLEGED SUITABILITY, MISREPRESENTATION.CUSTOMER ALLEGED DAMAGES OF $176,000.00 Damage Amount Requested: $176,000.00 Settlement Amount: $125,000.00 Broker Comment: THE CLAIMS AGAINST ME WERE DISMISSED WITH PREJUDICE. I AM UNFAMILAR WITH THE TERMS OF ANY SETTLEMENT BETWEEN ANY OTHER PARTIES.THE DISMISSAL FOR THE ABOVE CLAIMS AGAINST REPRESENTATIVE WAS AFTER THE SETTLEMENT AND THE DISMISSAL WAS PART OF THE SETTLEMENT.
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