According to FINRA, Philip Leo Gazzo was suspended from association with any FINRA member firm in January 2026 pursuant to FINRA Rule Series 9554, for failure to comply with a FINRA arbitration award or related settlement or an order of restitution. The suspension became effective January 6, 2026 (FINRA Arbitration Case #24-00329).FINRA's arbitration forum provides investors and industry participants with a mechanism to resolve disputes outside of court. When an arbitration panel issues an award, all parties are expected to honor that award within the required timeframe. FINRA Rule Series 9554 gives FINRA authority to suspend individuals who fail to comply with arbitration awards, settlements, or restitution orders, helping to ensure the practical enforceability of arbitration outcomes and protecting investors who have obtained favorable decisions.The specific nature of the arbitration award or settlement in this matter is not detailed in the public disciplinary report. Gazzo's suspension prevents him from associating with any FINRA member firm during the suspension period. The suspension can be lifted once he demonstrates compliance with the outstanding award or settlement. Investors who obtained an arbitration award involving Gazzo should contact FINRA for information on enforcement options. Investors who have had dealings with Gazzo can verify his current regulatory status through FINRA BrokerCheck. A suspended broker is not permitted to conduct securities business on behalf of a FINRA member, and investors should confirm a broker's active registration status before entrusting them with any investment decisions.