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Feds indict sanctioned adviser for embezzling from New Rochelle client

Instead of investing funds, the indictment states, Belardino used the money for payroll and office rent, prior debt, personal travel and credit card charges for mostly personal items.

FINRA suspends New Rochelle financial adviser for dodging testimony

Belardino was fired, according to Finra, because a customer complained that he had engaged in excessive trading, misrepresented the values of the customer's accounts, and failed to comply with requests to liquidate the accounts and distribute the proceeds.

A financial legacy lives on

An 87-year-old grandfather works alongside his grandson at Barnum Financial Group in Elmsford.