From October 2017 to October 2018, LoPinto made 33 transactions in an account, resulting in an annualized turnover rate of 49.41 and an annualized cost-to-equity ratio of 250.18%, Finra said. LoPinto’s trading in this account generated total trading costs of $55,523, including $48,450 in commissions, and caused $84,668 in realized losses.
LoPinto was fined $40,000 by the SEC in 2020 in connection with violations related to the sale of pre-IPO securities, according to BrokerCheck.