July 2016- New York
The FINRA records of Maximillian Santos , a stock broker who most recently worked for Blackbook Capital, LLC , disclose a currently pending regulatory matter, a prior final regulatory event and a termination from employment.
According to FINRA records Blackbook Capital was expelled by FINRA in June 2016.
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 a currently pending FINRA Case # 2014041546501, FINRA alleges that Santos withdrew nearly $200,000 from his personal bank account in transactions which were structured for the purpose of causing the bank to fail to file a Currency Transaction Report (CTR) reporting a receipt of currency in excess of $10,000.
In June 2014, Santos was discharged by Oppenheimer & Co, , who made the following allegation: :”during the course of a regulatory inquiry, it was determined that Mr. Santos was sharing confidential client information with a third party and utilizing a non-Oppenheimer email address“.
In February 2016, Santos entered into a Offer of Settlement with the SEC to resolve allegations that he shared client information with third parties and used a personal email address. He was fined $75,000 and suspended for six months.
Prior to working for Blackbook Capital, Santos was employed by National Securities Corporation and before that Oppenheimer & Co. He is not currently registered.
If you have losses in an account handled by Maximillian Santos , 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.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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