{"id":824025,"date":"2022-09-30T19:01:10","date_gmt":"2022-09-30T17:01:10","guid":{"rendered":"https:\/\/15.161.165.86\/non-categorizzato\/finra-extended-hearing-panel-expels-nyppex-bars-former-ceo-laurence-allen-and-suspends-current-ceo-and-cco-michael-schunk\/"},"modified":"2022-09-30T19:01:10","modified_gmt":"2022-09-30T17:01:10","slug":"finra-extended-hearing-panel-expels-nyppex-bars-former-ceo-laurence-allen-and-suspends-current-ceo-and-cco-michael-schunk","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/finra-extended-hearing-panel-expels-nyppex-bars-former-ceo-laurence-allen-and-suspends-current-ceo-and-cco-michael-schunk\/","title":{"rendered":"FINRA Extended Hearing Panel Expels NYPPEX, Bars Former CEO Laurence Allen and Suspends Current CEO and CCO Michael Schunk"},"content":{"rendered":"WASHINGTON--(BUSINESS WIRE)--FINRA announced today that an extended hearing panel has expelled broker-dealer NYPPEX, LLC and barred its former CEO Laurence Allen for failing to respond in a timely and complete manner to FINRA requests for information and documents. The panel also found that NYPPEX and Allen engaged in securities fraud. In addition, the panel barred NYPPEX\u2019s current CEO and Chief Compliance Officer Michael Schunk in any principal or supervisory capacity for his failure to supervise Allen, and suspended him for two years in all capacities for engaging in other misconduct\u2014the maximum suspension under FINRA\u2019s sanction guidelines.\n\n\n\nIn May 2021, FINRA\u2019s Department of Enforcement filed a nine-cause complaint against NYPP<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>WASHINGTON&#8211;(BUSINESS WIRE)&#8211;FINRA announced today that an extended hearing panel has expelled broker-dealer NYPPEX, LLC and barred its former CEO Laurence Allen for failing to respond in a timely and complete manner to FINRA requests for information and documents. The panel also found that NYPPEX and Allen engaged in securities fraud. In addition, the panel barred [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-824025","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FINRA Extended Hearing Panel Expels NYPPEX, Bars Former CEO Laurence Allen and Suspends Current CEO and CCO Michael Schunk - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/finra-extended-hearing-panel-expels-nyppex-bars-former-ceo-laurence-allen-and-suspends-current-ceo-and-cco-michael-schunk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FINRA Extended Hearing Panel Expels NYPPEX, Bars Former CEO Laurence Allen and Suspends Current CEO and CCO Michael Schunk - BeBeez\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON--(BUSINESS WIRE)--FINRA announced today that an extended hearing panel has expelled broker-dealer NYPPEX, LLC and barred its former CEO Laurence Allen for failing to respond in a timely and complete manner to FINRA requests for information and documents. 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