Investor Lawsuit Investigation – Jose Anthony Quinones Jr.
The White Law Group is investigating potential securities claims involving former financial advisor Jose Anthony Quinones Jr. , in light of his recent bar by the Financial Industry Regulatory Authority (FINRA).
According to FINRA’s public records, on June 10, 2025, Quinones was reportedly barred from associating with any FINRA member firm in any capacity. The regulatory action stems from his refusal to provide documents and information requested by FINRA in connection with an investigation into an amended Form U5 filed by his former member firm.
That amended filing revealed that Quinones was under internal review for possible involvement in an undisclosed outside business activity (OBA) at the time he was terminated for failing to renew his securities registration. The firm specifically identified Next Level Holdings as the outside business activity in question. While Quinones has denied involvement in the entity, his failure to cooperate with FINRA’s investigation ultimately led to the regulatory bar.
Risks of Outside Business Activities (OBAs)
Outside business activities such as Next Level Holdings can present significant risks to investors—especially when such activities are not properly disclosed or supervised by the brokerage firm. Brokers are required under FINRA rules to inform their firms about any outside business dealings to help ensure investor protection and compliance. When a broker fails to make such disclosures, it may suggest the firm failed to supervise the individual appropriately, which could give rise to liability.
Recovery Options for Investors
If you invested with Jose Anthony Quinones, or in Next Level Holdings, and are concerned about potential investment losses, you may be able to recover damages through FINRA arbitration. The White Law Group is currently investigating whether brokerage firms that employed Quinones failed in their supervisory duties.
FINRA arbitration is often the most efficient and cost-effective option for investors to recover losses, especially compared to class action lawsuits, which can take years and often result in smaller individual recoveries. Each case in FINRA arbitration is considered on its own facts and merits, giving wronged investors a greater opportunity to seek full compensation.
FINRA Arbitration vs. Class Action – What’s the Difference?
Most investors don’t realize that disputes with brokerage firms are generally not handled in court. Instead, investors are usually required to pursue claims through FINRA arbitration, a private dispute resolution process governed by the Financial Industry Regulatory Authority. FINRA arbitration is typically faster than a class action lawsuit, often resolving within 12 to 18 months, whereas class actions can take several years.
In arbitration, individual investors have the opportunity to present the specific facts and evidence of their case, as opposed to class actions, which are led by one or a few plaintiffs representing a group. Payouts in arbitration are based on each investor’s actual losses, while class action settlements are often divided among many participants, resulting in smaller individual recoveries. However, arbitration is limited to disputes involving FINRA-member brokerage firms, while class actions may address a broader range of parties and legal issues.
Free Consultation
The White Law Group has handled over 800 FINRA arbitration claims involving broker misconduct and investment fraud. If you are concerned about your investments with Jose Anthony Quinones or Next Level Holdings, call our offices at 1-888-637-5510 for a free consultation.
For more information, please visit our website at www.whitesecuritieslaw.com.
Frequently Asked Questions (FAQs) – Jose Anthony Quinones Jr.
1. What is Next Level Holdings, and why is it a concern for investors?
Next Level Holdings is the alleged undisclosed outside business activity (OBA) connected to former broker Jose Anthony Quinones. OBAs that are not disclosed to or supervised by the broker’s firm can present serious risks to investors, particularly if the investments are unsuitable, fraudulent, or misrepresented.
2. Can I recover losses if I invested with Jose Anthony Quinones or in Next Level Holdings?
Possibly. If you suffered losses as a result of investing with Quinones or in Next Level Holdings, you may be able to recover damages through a FINRA arbitration claim against the brokerage firm that employed him. Firms can be held liable for failure to supervise their registered representatives.
3. What is the difference between FINRA arbitration and a class action lawsuit?
FINRA arbitration is a private dispute resolution process designed specifically for investor claims against brokerage firms or financial advisors. Unlike class actions, each FINRA case is decided on its own merits, which often results in faster resolutions and potentially larger individual recoveries. Class actions, on the other hand, group many investors together and typically involve a longer process with smaller payouts per person.
Last modified: June 23, 2025
