(CRD #4913481, Matawan, New Jersey)

March 6, 2025 – An AWC was issued in which Perlongo was fined $5,000, suspended from association with any FINRA member in all capacities for three months, and ordered to pay $18,925 in restitution to a customer. Without admitting or denying the findings, Perlongo consented to the sanctions and to the entry of findings that he excessively and unsuitably traded a customer’s account. The findings stated that the customer relied on Perlongo’s advice and routinely followed his recommendations and, as a result, Perlongo exercised de facto control over the account. Perlongo recommended frequent in-and-out trading even when the price of his recommended securities did not materially change. As a result of Perlongo’s recommendations, the customer paid $18,925 in commissions and suffered $70,107 in realized losses. The suspension is in effect from April 7, 2025, through July 6, 2025. (FINRA Case #2018056490324)