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Jorge Sonville- Former Merrill Lynch / Insigneo Securities Broker- Discloses $4M Customer Suit-Miami, FL

Jorge Sonville- Former Merrill Lynch / Insigneo Securities Broker- Discloses $4M Customer Suit-Miami, FL 150 150 Rex Securities Law

Jorge Sonville Investigation

September  2022-Miami, FL 

According to publicly available records Jorge A. Sonville a currently unregistered broker who most recently worked with  Insigneo Services and before that, Merrill Lynch,  discloses a regulatory suspension, a prior customer dispute, a pending customer dispute and a 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 6/2022 Sonville was suspended by FINRA for six weeks and fined him $5,000, to resolve allegations that he loaned money to a customer of Merrill Lynch while he was still employed there, in violation of firm procedures and policies. In addition, Sonville submitted to the the firm a compliance questionnaire in which he falsely stated that he had not loaned money to any customer. Sonville began working for Merrill Lynch in 2/1995 and was discharged in 6/2021 for making a loan to a customer and failure to disclose an outside business activity.

Sonville was employed by Insigneo Securities from 7/2021-7/2022.

In 11/2020 a customer of Merrill Lynch filed FINRA arbitration 20-3898 alleging that Sonville made unsuitable investment recommendations and engaged in an undisclosed business activity from 2015-2020. The customer seeks damages of $4,000,000 in this currently pending matter.  

If you had an account with Jorge Sonville that suffered losses, you may be entitled to collect damages from his employer. Call 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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Rex Securities Law

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