← Broker database 2025-10-02
Vincent Jerome Camarda Suspended for Failure to Pay Arbitration Award
According to FINRA, Vincent Jerome Camarda was suspended from association with any FINRA member pursuant to FINRA Rule Series 9554 for failure to comply with an arbitration award.
Camarda has been suspended multiple times for failing to pay arbitration awards in separate cases. His suspensions began on October 2, 2025 (Case #24-00881), October 6, 2025 (Case #24-00880), and October 16, 2025 (Case #24-01241).
When investors have disputes with their brokers, FINRA arbitration provides a forum for resolving those disputes. If an arbitration panel awards damages to an investor, the broker is obligated to pay that award. Brokers who fail to pay arbitration awards face suspension from the industry.
The multiple suspensions against Camarda indicate multiple unpaid awards, suggesting a pattern of failing to satisfy obligations to investors who prevailed in arbitration proceedings.
FINRA's rule requiring payment of arbitration awards helps ensure that the arbitration process provides meaningful relief to investors. Without enforcement of awards, investors who win their cases would have no practical remedy.
For investors, this case illustrates both the availability of arbitration as a dispute resolution mechanism and the enforcement tools FINRA uses to ensure awards are paid. If you have a dispute with your broker, FINRA arbitration may provide a path to recovery.
Before working with any broker, check their BrokerCheck record for unpaid arbitration awards and multiple customer complaints. These red flags may indicate a broker who is more likely to engage in conduct that harms investors.
If you were awarded damages in an arbitration against a broker who has not paid, you should contact FINRA's arbitration department for guidance on your options.