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Written by 5:04 pm Blog, Current Investigations

Francisco Valenzuela Allegedly Sold Unsuitable Bonds

Ex-Morgan Stanley Advisor Francisco Valenzuela Allegedly Sold Unsuitable Bond Investments, featured by top securities fraud attorneys, the White Law Group

FINRA Reportedly Suspends Francisco Javier Valenzuela Indefinitely for failure to Comply with Arbitration Award 

According to the Financial Industry Regulatory Authority (FINRA), on August 5, 2022, the regulator has suspended Francisco Javier Valenzuela (CRD#: 2786970) from associating with any FINRA member. 

Valenzuela allegedly failed to comply with an arbitration award or settlement agreement or to “satisfactorily respond to a FINRA request to provide information concerning the status of compliance,” according to his FINRA BrokerCheck report. 

According to his broker report, one of Valenzuela’s customers was awarded $170,000 for a claim alleging “UNSUITABILITY WITH RESPECT TO CORPORATE BOND INVESTMENTS – JUNE 2016 TO FEBRUARY 2020.” The damage amount requested was reportedly $500,000. 

Another regulatory disclosure indicates that on December 19, 2019, Valenzuela was purportedly suspended for eight months and required to pay a fine of $10,000 after he allegedly willfully failed to amend his Form U4 to disclose a federal tax lien in the amount of $150,967.

According to his broker record, Valenzuela was reportedly registered as a broker with the following firms during his twenty-one-year career, among others: 

03/27/2015 – 01/25/2018, MORGAN STANLEY (CRD#:149777), TUCSON, AZ,  

B, 12/14/2010 – 04/01/2015, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD#:7691), TUCSON, AZ 

B, 07/06/2005 – 12/15/2010, CHASE INVESTMENT SERVICES CORP. (CRD#:25574), NOGALES, AZ 

Potential Lawsuits to Recover Financial Losses  

Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.   

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.   

If you suffered investment losses with ex-Morgan Stanley advisor Francisco Valenzuela, the securities attorneys at The White Law Group may be able to help you. Please call 888-637-5510 for a free consultation, or visit us on the web at www.whitesecuritieslaw.com  

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.   

    

    

     

 

Tags: , , , , , , , , Last modified: December 1, 2022