This incident led the Financial Industry Regulatory Authority (FINRA) to take decisive action, permanently barring Filoramo in September. The regulator’s records bear testament to a comprehensive investigation into the purported scheme.
Silent Response and Legal Representation
The SEC, when contacted on Tuesday, refrained from commenting on the matter. On the other hand, counsel for Filoramo, James D. Sallah of Sallah Astarita & Cox LLC, did not immediately respond to requests for comment.
In a legal landscape marked by burstiness, this high-stakes case underscores the consequences of financial deceit and the determination of regulatory bodies to seek justice.
