August 2017, Wheaton, IL
According to publicly available records Cesar Omar Rodriguez (CRD#4451732) , a former stockbroker who was previously registered with Avenir Financial Group, disclose a regulatory event , three prior customer disputes , two terminations from employment and an outstanding judgment lien.
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 April of 2015 Rodriquez was permanently barred from the securities industry by FINRA to resolve allegations that “he defrauded investors by knowingly misrepresenting the true use of investors’ proceeds and improperly misusing investors’ funds for personal expenses unrelated to the operation of his member firm’s branch office…..”
In October of 2015, an Avenir Financial Group customer filed a complaint alleging unauthorized trading, breach of fiduciary duty, churning, manipulation, misrepresentation, suitability, negligence, indemnification, recovery of commissions, theft, swindling, and forgery. Claimant alleged that Rodriguez purchased shares in his account and traded on his margin without permission. Claimant further alleged that Rodriguez falsified account documents. In FINRA case 15-02744 the Claimant was awarded the sum of $133,989.04 in compensatory damages, plus interest. He was also awarded the sum of $22,500 in punitive damages, plus interest.
In April of 2015, Rodriguez was discharged from Avenir Financial Group .
In November of 2008, Rodriguez was discharged from Charles Morgan Securities, Inc. who alleged that he violated the rules of the industry standards of conduct.
Rodriguez was with Avenir Financial Group from July of 2013 until he was barred by FINRA in April of 2015. His prior employment includes American Trust Investment Services, National Securities Corp. and Chicago Investment Group. Rodriguez also discloses an affiliation with Bull Run Capital Holdings LLC.
If you have questions about an account handled by Cesar O. Rodriguez, contact us to discuss your 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.
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