Justine Marie Cantafio (CRD #6158299, Avoca, Pennsylvania)

April 22, 2024 – An AWC was issued in which Cantafio was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in all capacities for 12 months. Without admitting or denying the findings, Cantafio consented to the sanctions and to the entry of findings that she falsified life insurance applications for customers by completing them herself and submitting them to her member firm’s insurance affiliate as authentic applications when, in fact, she had submitted them without the customers’ knowledge or consent. The findings stated that Cantafio forged the customers’ electronic signatures on both applications. The findings also stated that following debits of premiums from their accounts, the customers complained to Cantafio that the policies had not been authorized. Rather than forward the complaints to the firm’s compliance department, Cantafio attempted to settle the complaints away from the firm by mailing the customers personal checks in the amount of the premiums. After the customers complained to the firm, it cancelled the policies. The suspension is in effect from May 6, 2024, through May 5, 2025. (FINRA Case #2022076531801) If you have suffered losses as a result of Justine Marie Cantafio's act and/or actions we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Justine Marie Cantafio. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.