PARK AVENUE SECURITIES LLC of NEW YORK, NY is an SEC-registered investment adviser (CRD 46173). Regulatory assets under management: $19.6B. This firm reports disciplinary history on Form ADV.
Compensation: % of AUM, Hourly, Fixed.
Clients served: Individuals, High net worth, Charities.
Showing 25 of 95 people.
| Name | Role | Location |
|---|---|---|
| Allen Warren Boggs | HEAD OF PRODUCT & SUPERVISION | — |
| Joshua Neil Hergan | GENERAL COUNSEL | — |
| Leyla Ada Lesina | ELECTED MEMBER | — |
| Carly Pritchard Maher | HEAD OF WEALTH MANAGEMENT STRATEGY AND BUSINESS OPERATIONS | — |
| Marianne Grace Caswell | PRESIDENT AND ELECTED MEMBER | — |
| Michael John Ryniker | PRINCIPAL OPERATIONS OFFICER | — |
| Carl Desrochers | ELECTED MEMBER | — |
| Kate Davarashvili | FINOP/PRINCIPAL FINANCIAL OFFICER. | — |
| Joseph Michael Gallo | CHIEF COMPLIANCE OFFICER | — |
| Michael Andrew Perry | ELECTED MEMBER | — |
| Michael Nicholas Ferik | ELECTED MEMBER | — |
| Joseph M Gallo | CHIEF COMPLIANCE OFFICER | — |
| BURNS RONALD J | CHIEF COMPLIANCE OFFICER | — |
| COSTANTINI MARC | LLC MANAGER; MANAGING MEMBER | — |
| COOLEY JILL DIANE | PRESIDENT; PRESIDENT /CHIEF OPERATING OFFICER PAS/; PRESIDENT /CHIEF OPERATING OFFICER PAS/LLC MANAGER (+1 more) | — |
| RYNIKER MICHAEL JOHN | CHIEF OPERATING OFFICER; CHIEF OPERATIONS OFFICER; PRINCIPAL OPERATIONS OFFICER | — |
| CARUSO JOSEPH ANTHONY | DIRECTOR, SECRETARY; LLC MANAGER, SECRETARY; SECRETARY (+1 more) | — |
| CLEMENTS JAMES EDMOND | SENIOR VICE PRESIDENT INVESTMENT ADVISORY SERVICES; VICE PRESIDENT INVESTMENT ADVISORY SERVICES | — |
| POTTER RICHARD THOMAS JR | VICE PRESIDENT/COUNSEL | — |
| NURGEALWS THERESA E | CHIEF OPERATING OFFICER; SENIOR VICE PRESIDENT & CHIEF OPERATING OFFICER | — |
| GAIDULA GEORGIA LEE | MUNICIPAL SECURITIES PRINCIPAL | — |
| SILBERMAN MARK AVERY | CHIEF FINANCIAL OFFICER; PRESIDENT, CEO & CHIEF OPERATING OFFICER & SVP INVESTMENT ADVISORY SERVICES; PRESIDENT/ CHIEF OPERATING OFFICER/ INVESTMENT ADVISORY SERVICES (+3 more) | — |
| LENDERINK GARY BERT | DIRECTOR; LLC MANAGER | — |
| DURSO ALFRED JOSEPH | ACTING CHIEF COMPLIANCE OFFICER; CHIEF COMPLIANCE OFFICER; INTERIM CHIEF COMPLIANCE OFFICER (+1 more) | — |
| DEPALO ARMAND MICHAEL | DIRECTOR; LLC MANAGER | — |
Showing 10 of 18 distinct disclosure events.
| Initiated | Type | Allegations | Status | Amount |
|---|---|---|---|---|
| 2024-09-24 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT FROM JANUARY 2019 THROUGH JULY 2021, IT FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE A SUPERVISORY SYSTEM REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH THE SUITABILITY REQUIREMENTS OF FINR… | Final | $125K |
| 2023-05-31 | regulatory | IN CONNECTION WITH AN UNDISCLOSED OUTSIDE BUSINESS ACTIVITY OF A PAS REGISTERED REPRESENTATIVE, PAS, WITHOUT ADMITTING OR DENYING THE FINDINGS, AGREED TO A LETTER OF ACCEPTANCE, WAIVER, AND CONSENT WITH FINRA FOR THE PURPOSE OF SETTLING ALLEGED FINRA RULE VIOLATIONS. PAS WAS CENSURED AND FINED $30,0… | Final | $30K |
| 2020-12-08 | regulatory | RESPONDENT ACKNOWLEDGED THAT THE ALLEGATIONS CONTAINED IN THE THIRD AMENDED ACCUSATION BY THE CALIFORNIA DEPARTMENT OF INSURANCE, WHICH RELATE TO THE FIRM'S DISCLOSURES OF ALREADY RESOLVED MATTERS INVOLVING THE FIRM OVER A 16 YEAR PERIOD, IF PROVEN AT HEARING, WERE GROUNDS FOR THE CALIFORNIA INSURAN… | Final | — |
| 2019-07-16 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT DISADVANTAGED CERTAIN RETIREMENT PLAN AND CHARITABLE ORGANIZATION CUSTOMERS WHO WERE ELIGIBLE TO PURCHASE CLASS A SHARES IN CERTAIN MUTUAL FUNDS WITHOUT A FRONT-END SALES CHARGE. THE F… | Final | — |
| 2019-03-11 | regulatory | AT TIMES DURING THE PERIOD JANUARY 1, 2014 TO OCTOBER 31, 2018 (THE "RELEVANT PERIOD"), PAS PURCHASED, RECOMMENDED, OR HELD FOR ADVISORY CLIENTS MUTUAL FUND SHARE CLASSES THAT CHARGED 12B-1 FEES INSTEAD OF LOWER-COST SHARE CLASSES OF THE SAME FUNDS FOR WHICH THE CLIENTS WERE ELIGIBLE. PAS, IN VIOLAT… | Final | — |
| 2018-07-25 | regulatory | THE LOUISIANA COMMISSIONER OF INSURANCE REQUIRES ANY ADMINISTRATIVE ACTION TO BE REPORTED WITHIN 30 DAYS OF FINAL DISPOSITION OF THE MATTER. PAS WAS FINED BY THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ON APRIL 11, 2018 AND DID NOT NOTIFY LOUISIANA OF THIS FINE WITHIN THE REQUIRED TIME PERIOD. THE S… | Final | $250 |
| 2018-04-11 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TO ESTABLISH, MAINTAIN AND ENFORCE A SUPERVISORY SYSTEM AND WRITTEN SUPERVISORY PROCEDURES (WSPS) REASONABLY DESIGNED TO ENSURE THAT REPRESENTATIVES' RECOMMENDATIONS CONCERNING… | Final | $300K |
| 2016-11-18 | regulatory | IN CONNECTION WITH THE MISAPPROPRIATION OF FUNDS FROM TWO CUSTOMERS BY AN UNREGISTERED SALES ASSISTANT, FINRA CENSURED AND FINED PARK AVENUE SECURITIES ("PAS") $195,000 IN ITS CAPACITY AS A BROKER-DEALER FOR FAILING TO ENFORCE ITS WRITTEN SUPERVISORY PROCEDURES REGARDING THE MONITORING OF CUSTOMER T… | Final | $195K |
| 2015-10-19 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TO IDENTIFY AND APPLY SALES CHARGE DISCOUNTS TO CERTAIN CUSTOMERS' ELIGIBLE PURCHASES OF UNIT INVESTMENT TRUSTS (UITS). ON MARCH 31, 2004, FINRA ISSUED NOTICE TO MEMBERS 04-26,… | Final | $300K |
| 2011-11-08 | regulatory | WITH RESPECT TO FINRA RULE 2010, NASD RULES 2110 AND 3010, FINRA ALLEGED THAT PARK AVENUE SECURITIES LLC, IN ITS CAPACITY AS A BROKER-DEALER, FAILED TO: (1) ADEQUATELY INVESTIGATE CERTAIN REGISTERED REPRESENTATIVES' INVOLVEMENT WITH A PONZI SCHEME; (2) ADEQUATELY INVESTIGATE ALLEGATIONS MADE BY TWO… | Final | $175K |