According to FINRA, Michael Joseph Russo (CRD #3072489) of Manorville, New York was suspended from the securities industry for failure to provide information or keep information current pursuant to FINRA Rule 9552(d). The suspension became effective on September 16, 2024. This action is associated with FINRA Case #2021073013701. FINRA Rule 9552(d) is an administrative provision that empowers FINRA to suspend an individual who fails to provide information or maintain current information as required by FINRA rules. The suspension process begins when FINRA identifies a deficiency and notifies the individual, providing a specific deadline for compliance. If the individual fails to comply by the deadline, the suspension takes effect. During the suspension, Russo is prohibited from associating with any FINRA member firm in any capacity, which prevents him from conducting securities business, advising clients, or performing any other regulated activities. The duty to provide information to FINRA upon request is one of the most important obligations of every person registered in the securities industry. FINRA Rule 8210 gives FINRA broad authority to request information, documents, and testimony from associated persons and former associated persons in connection with its regulatory investigations and examinations. This authority is vital to FINRA's ability to identify and address potential violations of securities laws and industry regulations. When individuals fail to meet their information obligations, it compromises FINRA's ability to investigate potential misconduct and protect investors from financial harm. A suspension under Rule 9552(d) carries significant consequences for the individual's career and can also affect the investors who relied on that person for financial guidance. While a suspension under this rule can potentially be lifted if the individual complies with FINRA's information request, continued non-compliance may result in the suspension being upgraded to a permanent bar under Rule 9552(h). The permanent bar would forever prohibit the individual from working in the regulated securities industry. This case underscores the importance of cooperation with regulatory authorities in the securities industry. Investors should routinely verify the registration status and disciplinary history of their financial professionals by using FINRA's free BrokerCheck tool, which is accessible online and provides detailed background information on brokers and brokerage firms.