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Written by 6:53 pm Securities Fraud Articles

Jose R. Gonzalez Barred from Securities Industry

Jose R. Gonzalez

Recovery of Investment Losses with Jose R. Gonzalez

Have you suffered losses investing with former financial advisor Jose R. Gonzalez? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that employed him.

According to FINRA, Jose R. Gonzalez has been permanently barred from the securities industry. In July of 2016 FINRA commenced an investigation into possible excessive trading in three of Gonzalez’s customers’ accounts. FINRA alleges Gonzalez declined to respond to the request for information and indicated he will not participate in the investigation, thus effectively barring him from the securities industry.

Gonzalez’s FINRA BrokerReport lists thirteen disclosure events including seven customer complaints. Allegations include misappropriation of funds, excessive trading, and unsuitable transactions. Jose R. Gonzalez was registered with American Trust Investment Services in Chicago, IL from November 2013 through October 2016. Prior to that, he worked for National Securities Corporation in Chicago, IL from December 2003 until November 2013, according to his Broker Report.

For FINRA’s full findings see FINRA Case # 201605067010.

The SEC is on the lookout for Churning and Excessive Trading

Recently, the SEC issued an Investor Alert warning about excessive trading and churning that can occur in brokerage accounts, and an Investor Bulletin educating investors about ETNs and the risks associated with them.

Brokers have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered. Furthermore, brokers are prohibited from engaging in underhanded businesses practice, like churning or unauthorized trading, that violate securities laws and regulations.

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 losses investing with Jose R. Gonzalez , the attorneys at The White Law Group may be able to help. For a free consultation, please call (888) 637-5510.

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 Franklin, Tennessee.

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.



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