Allegations against: Christian Eduardo De Berardinis
Allegation type: Regulatory
Allegation status: Final
The allegations read: Without admitting or denying the findings, de berardinis consented to the sanctions and to the entry of findings that he participated in private offerings of securities that raised $2.45 million from customers of his member firm without providing prior written notice to or receiving approval from his firm. The findings stated that de berardinis introduced the firm customers to the ceo of a dairy company and recommended that they invest in the company. De berardinis also facilitated the customers' investments by providing them with information about the investment. In some cases, de berardinis assisted customers with paperwork and, at his customers' requests, transferred funds from the customers' firm accounts to the company to fund their investments. De berardinis received $22,500 from the company in referral fees. De berardinis also falsely responded to questions about whether he had participated in private securities transactions on annual firm compliance questionnaires.
