Rudy Anguiano Complaints: Former LPL Financial Broker Barred by FINRA over Misconduct Allegations
FINRA reportedly barred former LPL Financial broker Rudy Anguiano (CRD# 5188950) on September 25, 2026. FINRA alleged he converted $1,731,000 from two customers. The White Law Group is investigating complaints involving Rudy Anguiano. Here is what’s on his record and what your options may be.
Investors who lost money may be able to recover through FINRA arbitration.
FINRA Bars Rudy Anguiano Over $1.73 Million in Customer Funds
Anguiano reportedly agreed to the bar through a FINRA Acceptance, Waiver and Consent, without admitting or denying the findings. FINRA alleged he was the sole owner of an LLC he used for an outside business. In ten separate transfers, he allegedly moved $1,528,000 from one customer’s account and $203,000 from another’s into the LLC’s bank account, which he controlled. According to FINRA, neither customer authorized the transfers or knew about them.
Rudy Anguiano Complaints and LPL Financial Termination
Anguiano’s BrokerCheck record shows two customer complaints. Both allege he took money sent from LPL client accounts to an unapproved outside business he solely owned, and did not return it. The complaints settled for $203,000 (April 2024) and $1,528,000 (October 2025).
LPL Financial discharged Anguiano on November 21, 2025. The firm alleged he ran an outside business without approval and directed clients to private investments.
Rudy Anguiano’s Employment History
Anguiano spent about 19 years in the industry at firms including WaMu Investments, U.S. Bancorp Investments, Wells Fargo Advisors, Waddell & Reed, and Ameriprise Financial Services. He was registered with LPL Financial from 2008 to 2010 and again from April 2022 to December 2025. After leaving LPL, he was registered with Alexander Capital, L.P. in Red Bank, New Jersey, from January to July 2026. His record also lists a 2016 compromise with creditors, shown as satisfied.
Recovering Losses Involving Rudy Anguiano
Investors who sent money to Anguiano’s outside business, or who invested in private deals through him while he was registered with LPL Financial, may be able to file a claim. The White Law Group offers a free review of your situation.
Contact The White Law Group
The White Law Group is a national securities fraud law firm with offices in Chicago and Seattle. If you lost money with Rudy Anguiano, call (888) 637-5510 for a free consultation, or contact us online. Learn more about how FINRA arbitration works.
Frequently Asked Questions
Can I file a lawsuit to recover money I lost with Rudy Anguiano?
Most investors recover losses like these through FINRA arbitration rather than a court lawsuit. Most brokerage account agreements typically include a pre-dispute arbitration clause, and many investors don’t know it’s there. Arbitration can still result in a monetary award or settlement.
What is “selling away,” and why does it matter for my investment?
Selling away is when a broker steers clients into investments or businesses their firm has not approved. Because these deals happen outside the firm’s review, no one checks whether they are legitimate or suitable. In Anguiano’s case, FINRA also alleged conversion, meaning he took customer money without permission.
Can LPL Financial be held responsible, even though it didn’t approve the outside business?
Yes, potentially. Firms must supervise their brokers, including watching for unapproved outside business and money moving from client accounts to entities a broker controls. If LPL Financial reasonably should have caught the activity, it may be liable for failing to supervise.
