Chris Cervino was barred by FINRA and the SEC over VGTL transactions
Chris Cervino, a registered representative from Franklin Lakes, New Jersey, formerly with Primary Capital, Cor Clearing and Wilson-Davis Co. was barred from FINRA membership as a result of SEC proceedings into his role in manipulating the market for VGTL. According to the SEC, Cervino committed securities fraud by controlling and manipulating the market for VGTel, inflating the price and volume, and inducing investors to purchase VGTL shares through false and misleading statements. On March 22, 2017 a jury found Cervino guilty of engaging in manipulative and deceptive conduct pertaining to the VGTL transactions. As a result, Cervino was barred from the securities industry.
Chris Cervino’s registration and disciplinary history