Ignacio Erhart Del Campo, Formerly of Insigneo Securities, Suspended by FINRA Following Allegations of Trading in Deceased Client’s Account

Erhart Del Campo was also accused of making unauthorized trades in other customers’ accounts.

Ignacio Erhart Del Campo (CRD#:6084596) was registered as a broker with Epic Capital Securities from September 2019 until October 2019. Previously, Del Campo was registered as a broker with Insigneo Securities from July 2017 until September 2019. 

Del Campo has three disclosures on his BrokerCheck report.

March 2021 Regulatory Judgment

• Status: Final
• Initiated By: FINRA
• Allegations: Without admitting or denying the findings, Erhart Del Campo consented to the sanctions and to the entry of findings that he exercised discretion in a customer’s account without written authorization from the customer and without having obtained his member firm’s approval. The findings stated that Erhart Del Campo traded in the customer’s account solely based on annual or semi-annual discussions with the customer regarding trading strategy. The trades went beyond time and price discretion. In addition, in connection with a branch office exam conducted by FINRA, Erhart Del Campo completed a questionnaire in which he falsely replied that he didn’t service any accounts on a discretionary basis. The findings also stated that Erhart Del Campo placed unauthorized transactions in the account of a customer. After the customer’s death and unaware that the customer died, Erhart Del Campo continued to trade in her account for over two years without authorization. Erhart Del Campo believed that he was trading based on a trading strategy agreed to by the customer prior to her death. The unauthorized transactions after the customer’s death resulted in net losses of $19,189 in the account, including the commissions on the trades.
• Resolution: Acceptance, Waiver & Consent (AWC)
• Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
• Amount: $7,500.00
• Sanctions: Restitution
• Amount: $19,189.00
• Sanctions: Suspension
• Registration Capacities Affected: All capacities
• Duration: Two months
• Start Date: 4/5/2021
• End Date: 6/4/2021

March 2021 Regulatory Judgment

• Status: Final
• Initiated By: FINRA
• Allegations: Respondent Erhart Del Campo failed to respond to FINRA request for information.
• Resolution: Letter
• Sanctions: Suspension
• Registration Capacities Affected: All capacities
• Duration: N/A
• Start Date: 6/15/2020
• End Date: 9/21/2020
• Regulator Statement: Pursuant to FINRA Rule 9552 and in accordance with FINRA’s Notice of Suspension letter dated May 20, 2020, Erhart Del Campo is suspended on June 15, 2020 from associating with any FINRA member firm in all capacities. If Erhart Del Campo fails to request termination of the suspension within three months of the date of the Notice of Suspension, he will automatically be barred on August 24, 2020 from association with any FINRA member in all capacities pursuant to FINRA Rule 9552(h). Suspension vacated on September 21, 2020.

September 2019 Employment Separation After Allegations

• Firm Name: Insigneo Securities, LLC
• Termination Type: Discharged
• Allegations: Failed to follow firm procedures with regards to placing trades in a client’s account. Trades were marked solicited in a deceased client’s account for an extended period of time.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Ignacio Erhart Del Campo. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.