FINRA Expels EKN Financial Services for Defying SEC Order and For Compliance Violations

FINRA has expelled EKN Financial Services, Inc. of Melville, NY for numerous compliance violations and for allowing its CEO, Anthony Ottimo, to act as a supervisor despite the SEC Order that barred him from associating with any broker or dealer in a supervisory capacity. EKN, Ottimo and Giugliano also committed numerous AML violations, including failing to establish an adequate AML compliance program to detect and report suspicious activity.

View Press Release in full here (links externally to FINRA website).