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Written by 2:27 pm Blog, Current Investigations

FINRA Bars NY Advisor Ricardo Rodriguez-Stern

Ricardo Rodriguez-Stern

Ricardo Rodriguez-Stern Barred for failure to provide information 

According to the Financial Industry Regulatory Authority (FINRA), the regulator has allegedly barred Ricardo Rodriguez-Stern from working in the financial industry. In October 2017, Rodriguez- Stern was reportedly named a respondent in a FINRA complaint alleging that he has failed to provide FINRA requested documents and information related to an investigation into his potential misconduct regarding his failure to timely disclose via amended Form U4 ten unsatisfied tax liens and civil judgments filed between 2006 and 2013.

Additionally, the complaint alleges that FINRA also sought to investigate the circumstances behind twelve alleged customer complaints that had been lodged against Rodriguez-Stern.

According to his BrokerCheck Report, Rodriguez-Stern was registered with JP Morgan Securities in New York, NY from October 2012 until January 2016. He has 5 disclosures listed on his broker report including a bankruptcy filing in 2012.

For FINRA’s full findings see FINRA case #2016048870601.

Failure to Supervise

Brokerage firms are required to properly supervise all advisors they employ and to ensure that those advisors are complying with applicable FINRA rules and regulations.  If a broker dealer fails to properly supervise its advisors, it may be held responsible for the losses in a FINRA arbitration claim.

FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.

If you are concerned about your investments with Ricardo Rodriguez-Stern, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call the firm at 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 and its representation of investors in FINRA arbitration claims, visit https://whitesecuritieslaw.com.




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