Ex-Wells Fargo Investment Advisor Wilfred Rodriguez Jr. Barred by FINRA for Moving Funds

investment-advisor-wilfred-rodriguez-jr-barred-finraWilfred Rodriguez Jr. (CRD# 2504369) is a previously registered broker and investment advisor.

From 2003 to 2018, Mr. Rodriguez was a representative of Wells Fargo Clearing Services, based in Boca Raton, Florida.

FINRA barred Mr. Rodriguez from the industry after he failed to provide requested information during a FINRA investigation.

Mr. Rodriguez was terminated by Wells Fargo in August 2018 following allegations that he “moved funds between a customer’s related accounts.

He did this in order to place authorized bond orders for the purposes of generated qualifying revenue. This made him able to retain his international financial advisor status” (Letter of Acceptance, Waiver and Consent No. 2018059379401).

During the course of a FINRA investigation, the regulator requested documents from Mr. Rodriguez under FINRA Rule 8210 in connection with Mr. Rodriguez’s alleged falsification and inflation of certain customers’ account values to conceal his conduct.

Mr. Rodriguez chose not to produce the information requested, and as a result, FINRA barred him from acting in any capacity with any FINRA member.

Mr. Rodriguez had one prior customer dispute filed against him in 2000, but it was denied.

Contact Our FInancial Advisor Fraud Attorneys Now

At Sonn Law Group, our we have deep experience handling the full range of financial advisor fraud and financial advisor negligence claims. To schedule a free consultation with an experienced investor losses attorney, please do not hesitate to contact our law firm today.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

Rate this post:

1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading...