According to FINRA, Justin Daniel Muccigrosso was assessed a deferred fine of $5,000 and suspended from association with any FINRA member firm in all capacities for six months for improperly using his member firm's funds by submitting $3,072.62 in meal expenses that did not comply with firm policy.

Muccigrosso's firm allowed employees to charge overtime meals if they worked in their assigned firm office beyond 8 p.m. on weekdays or for four hours or more on weekends or firm holidays and consumed the meal on-site. However, Muccigrosso had meals delivered to a firm office to which he was not assigned and where he was not working.

The office was located near Muccigrosso's personal residence, and in many cases, Muccigrosso left delivery notes instructing that the meals be delivered to his residential address. After the expenses were identified, Muccigrosso repaid the firm.

While the amount involved was relatively modest, this conduct demonstrates a willingness to misuse firm resources and be dishonest about expense claims. Integrity is fundamental to the relationship between financial professionals and their firms and clients.

The suspension is in effect from January 6, 2025, through July 5, 2025.

Investors should know that their financial advisors are expected to act with honesty and integrity in all aspects of their professional conduct, including in their dealings with their employers.