Broker Mark Isidore Lamendola Barred for Selling Away, Falsifying Documents

Mark Isidore Lamendola (CRD#: 1133485) is a former registered broker and investment advisor. From 2013 to 2018, Mr. Lamendola served as a representative for World Capital Brokerage in Cranberry Township, Pennsylvania.

On January 11th, 2019, FINRA permanently barred financial advisor Mark Lamendola following an investigation into allegations of selling away and allegations that he falsified of official documents (Letter of Acceptance, Waiver and Consent No. 2017055262601).

Financial Advisor Misconduct: Mark Isidore Lamendola

According to records available through BrokerCheck, Mark Isidore Lamendola was terminated by World Capital Brokerage after they received information that he previously engaged in improper, undisclosed outside business activities and that he falsified documents.

In investigating these allegations, FINRA determined that Mr. Lamendola made material misrepresentations to investors and that he fabricated a letter to make it appear as though an investor was receiving a communication directly from an annuity company.

Further, in violation of FINRA Rule 2010, FINRA found that Mr. Lamendola attempted to settle a customer’s complaint without notifying his member firm. Financial advisors are not permitted to conceal settlements in this manner.

Without admitting or denying the allegations against him, Mark Isidore Lamendola consented to FINRA’s proposed sanctions, including a permanent bar from the industry.

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