Melville, New York — February 13, 2026 — Melville, New York financial advisor Salvatore Anthony LaRocca (CRD# 1742689) has been sanctioned by both FINRA and the New York State Department of Financial Services in connection with alleged violations related to insurance continuing education requirements. Financial Industry Regulatory Authority records show that he is currently registered as a broker with Voya Financial Advisors, Inc.
Mr. LaRocca’s BrokerCheck report discloses that in February 2024, FINRA initiated a regulatory action alleging that in February 2022, another person completed 15 hours of insurance continuing education credits on his behalf. FINRA further alleged that Mr. LaRocca certified to the State of New York that he had personally completed the required continuing education when he had not. FINRA alleged that this conduct violated FINRA Rule 2010. Without admitting or denying the allegations, Mr. LaRocca consented to sanctions that included a $5,000 fine paid on February 20, 2024, and a one-month suspension from March 4 to April 3, 2024. The matter was resolved through an Acceptance, Waiver and Consent.
Mr. LaRocca’s record also shows that in November 2025, the New York State Department of Financial Services brought a separate regulatory action related to the same underlying conduct. The State alleged that Mr. LaRocca violated Section 2103(a) of the Insurance Law in connection with a renewal application certified and submitted on or about February 18, 2022. The State further alleged that the application contained false or inaccurate information in violation of Section 2132(g) of the Insurance Law. This matter was resolved through a Stipulation and Consent that included a $7,500 monetary penalty paid on November 7, 2025.
Additionally, Mr. LaRocca’s BrokerCheck report discloses two customer disputes involving variable annuities, both of which were denied. In August 2025, a complainant alleged that Mr. LaRocca prepared paperwork in April 2025 that transferred a greater amount of assets into a fixed account than the complainant wished to transfer, allegedly resulting in approximately $90,000 in lost earnings. The complaint was denied in September 2025. An earlier complaint filed in March 2018 alleged that Mr. LaRocca did not adequately disclose fees or deferred sales charges associated with the client’s accounts, seeking $8,363.75 in damages. That complaint was also denied in April 2018.
For reference, FINRA Rule 2010 establishes the fundamental standard of commercial honor and just and equitable principles of trade that all member firms and their associated persons must observe. The rule states that “a member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.” Violations of this rule can result in fines, suspensions, or permanent bars from the securities industry, as it serves as a catch-all provision encompassing a wide range of misconduct including misrepresentations, failure to supervise, and fraudulent conduct. When a broker certifies compliance with licensing or continuing education requirements that have not actually been met, regulators view this as a violation of the basic ethical standards required of industry professionals.
According to the Financial Industry Regulatory Authority, Salvatore Anthony LaRocca holds 39 years of securities industry experience. He is based in Melville, New York, and has been registered with Voya Financial Advisors, Inc. since January 2011. He was previously registered with ING Financial Advisers, LLC from October 1993 to January 2011, Equico Securities, Inc. from January 1990 to January 1995, The Equitable Life Assurance Society of the United States from January 1990 to January 1995, and Pruco Securities Corporation from October 1987 to January 1990. Mr. LaRocca has passed the Securities Industry Essentials Examination (SIE), the General Securities Representative Examination (Series 7), and the Investment Company Products/Variable Contracts Representative Examination (Series 6), as well as the Uniform Securities Agent State Law Examination (Series 63). He is currently licensed in seven states and territories: Connecticut, Florida, Illinois, New York, South Carolina, Texas, and Virginia. (Information current as of February 13, 2026.)
Patil Law, P.C. represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses related to unsuitable investment recommendations, variable annuity concerns, or other forms of investment misconduct, call us at 800-950-6553 or complete our contact form for a free and confidential consultation. Our experienced attorneys, including Chetan Patil and Gabriela Dubrocq, work on a contingency fee basis — you pay nothing unless we recover money for you through FINRA arbitration or other legal proceedings.
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.