Investor Alert > Former Broker Francis Gendlek Has Been Barred for Alleged Unethical Practices

Posted Jul 25, 2019

by Alan Rosca

Former Broker Francis Gendlek Has Been Barred for Alleged Unethical Practices

Ex Broker Francis Gendlek Allegedly Engaged in Dishonest and Unethical Practices in the Securities Business

Former broker Francis Joseph Gendlek, a.k.a. Frank Gendlek, allegedly engaged in dishonest or unethical practices in the securities business, according to a Final Regulatory Action filed by the New Jersey Bureau of Securities.

The aforementioned dispute was filed on June 26, 2018, FINRA states, and the Sanctions rendered were a Revocation of license by the New Jersey Bureau of Securities according to his FINRA Brokercheck page.

The investigation follows allegations that Gendlek allegedly engaged in fraudulent misrepresentations and omissions and private securities transactions that cost investors $620,000, FINRA notes. Gendlek, specifically, from January 2006 through September 2013, allegedly took part in private securities transactions without obtaining approval from his firm, TFS Securities, FINRA states.

Gendlek also purportedly failed to disclose an outside business activity, and thus violated FINRA Rules, FINRA states. Gendlek was registered with TFS Securities from January 4, 2006 through December 31, 2014, FINRA notes.

Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to former broker Francis Gendlek’s alleged unethical practices in the securities industry. Investors who believe they may have lost money in activity related to Francis Joseph Gendlek’s alleged unethical practices in the securities industry are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

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Ex Broker Francis Gendlek Barred by FINRA

Gendlek then allegedly failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance, according to a Final Regulatory Action filed on April 24, 2019, FINRA states.

Gendlek, as a result of the aforementioned behavior, was barred in all capacities by FINRA indefinitely, FINRA notes, and will continue until the required payment is made or discharged.

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.

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Securities Lawyer Investigating

The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating former broker Francis Gendlek’s alleged unethical practices in the securities industry. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Francis Gendlek’s alleged unethical practices in the securities industry may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

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