Written by The White Law Group• February 6, 2020• 4:52 pm• Blog

Antonio G. Puente (Tony Puente) Broker Investigation

Antonio G. Puente Broker Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

Financial Advisor Antonio G. Puente, Valic Financial Advisors, Miami, FL

FINRA Reportedly Bars Advisor Antonio G. Puente after Allegations of Selling Away

Are you concerned about investments with Antonio G. Puente (Tony Puente) in Miami, FL? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

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According to public records on the Financial Industry Regulatory Authority’s website, the regulator has reportedly barred Puente on January 29, 2020 after he purportedly refused to provide information for FINRA’s investigation into his alleged undisclosed outside business activities and/or private securities transactions while associated with a member firm.

According to his broker report, Puente was reportedly registered with Valic Financial Advisors in Miami, FL from 1999 until he was allegedly terminated in 2018 “following the conclusion of investigation into undisclosed outside business activity.” FINRA did not disclose the name of the alleged outside business activity.

Investigating Potential Lawsuits

The White Law Group is investigating potential securities fraud lawsuits regarding the liability that Puente’s employers may have for failure to properly supervise him.

When a FINRA registered representative conducts business outside the scope of the brokerage firm where they are registered, the act can be considered “selling away.”Some brokers, looking to supplement their income, will go outside the traditional market, trying to find other products to push.

If a registered broker “sells away” from their firm, the brokerage firm may still be liable for negligent supervision of their broker representative and may be responsible for investment losses in a FINRA dispute resolution claim.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states including Florida. Our attorneys have recovered millions of dollars from many brokerage firms in the past.