To resolve allegations that he failed to respond to a FINRA regulatory investigation related to the handling of customer funds, Jose Martin Canales of El Paso, TX, was barred from the securities industry. According to the Letter of Acceptance Waiver and Consent filed in the matter Canales was discharged from Lincoln Financial Securities in May 2014 and the following explanation was provided to regulators:
“The RR was terminated for accepting cash from customers for deposit into his account, contrary to firm policy, in order to pay life insurance premiums on behalf of his customers.”
If Mr. Canales handled your account and you suffered losses 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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