Jorge A. Sonville Investigation
April 2022- Miami, FL
The FINRA records of Jorge Sonville, a broker with Insigneo Securities who formerly worked for Merrill Lynch, disclose a pending customer dispute and termination from employment.
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 12/2020, FINRA case #20-03898 was filed by Sonville’s a customer of his prior employer, Merrill Lynch, alleging unsuitable investment recommendations and engaging in an undisclosed outside business activity. The customer seeks damages of $4 million in this currently pending matter.
Sonville was terminated from Merrill Lynch, Pierce, Fenner & Smith in June of 2021 in response to allegations of conduct including participation in a financial arrangement with a client and failure to disclose an outside business activity.
Sonville has been with Insigneo Securities since July of 2021. He was employed by Merrill Lynch from 8/2004-7/2021 when he was discharged. Merrill Lynch makes the following allegation on Sonville’s FINRA record: “Conduct including participation in a financial arrangement with a client and failure to disclose an outside business activity.”
If you have questions about an account handled by Jorge Sonville, call for a no charge consultation to learn more about 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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