Frank Bodi: Asset Strategies Advisor Fired by Landolt Securities

Former Solon, Ohio financial advisor Frank Bodi (CRD# 1107838) was recently fired from a former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Landolt Securities broker is currently registered with Asset Strategies in Lisle, Illinois.

Mr. Bodi’s BrokerCheck report discloses his termination from Landolt Securities. Filed in February 2024, it states that that the firm discharged him in connection with allegations of “violations… related to off-channel communications have occurred.”

His BrokerCheck report also discloses multiple investor complaints. The most recent, filed in 2003, alleged that as a representative of UBS Painewebber, he recommended unsuitable mutual funds. In 2003 the complaint reached a settlement of $25,000.

A second investor complaint, filed in 2002, alleged that as a representative of Merrill Lynch, he recommended unsuitable investments and made unauthorized transactions. In 2003 the complaint reached a settlement of $61,500.

A third investor complaint, filed in 2002, alleged that he made unsuitable and unauthorized trades while a representative of UBS Financial Services and Merrill Lynch. In 2004 the complaint reached a settlement of $232,500.

A fifth disclosure on his BrokerCheck report concerns a FINRA disciplinary against him. Filed in 2016, it alleged that he made discretionary trades in customer accounts without prior written authorization from the customers or his firm’s acceptance of the accounts as discretionary. He was issued a 15-day suspension and a fine of $5,000.

According to the Financial Industry Regulatory Authority and Securities and Exchange Commission, Frank Bodi holds 39 years of securities industry experience. Based in Lisle, Illinois, he has been registered with Asset Strategies since April 2024. His past registrations include Landolt Securities, IFS Securities, Coastal Equities, Fintegra, Capital City Securities, Interocean Securities, Prim Securities, UBS Painewebber, Merrill Lynch, and Portfolio Securities. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Ohio. (Information current as of April 27, 2024.)

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