April 2017-Irvine, CA
According to publicly available records Daniel Vasquez, Sr. , (CRD#3141463) , a stockbroker who is currently not registered, but previously worked for Cetera Advisors and Investors Capital Corp , discloses two final regulatory events, three pending customer disputes and three prior customer disputes .
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In September 2016 FINRA permanently barred Vasquez from the securities industry for failing to respond to FINRA request for information.
In pending FINRA case 2012 0306704 a customer of Foothill Securities alleges damages of $150,000 for unsuitable investments.
In pending FINRA case #16-02455 a customer of Investors Capital Corp and Cetera Advisors alleges of $107,392 for unsuitable investments and unauthorized trading, including an investment in the NEON Fund.
Vasquez was employed by Cetera Advisors from 11/2013 – 5/2016 and was previously employed by Investors Capital Corp. from 9/2011 – 11/2013 and with Foothill Securities 9/2009-9/2011. .
INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016
Investors Capital Corp. withdrew its registration with FINRA in fall 2016. Investors Capital has been named in 21 regulatory matters and a number of customer arbitrations. For more information on Investors Capital Corp, follow this link.
If you have questions about an account in an account handled by Daniel B. Vasquez, Sr. , contact us to discuss your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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