September 2019 – Port Chester, NY
The FINRA records of Jamie R. Rodriguez, a former stockbroker who was last employed by Cuso Financial Services disclose he has been barred from the securities industry by FINRA who found that he converted funds from an elderly, blind customer.
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 August of 2017 Jaime R. Rodriguez was permanently barred from the securities industry by FINRA. “Rodriguez consented to the sanction and to the entry of findings that he converted approximately $200,000 from an elderly and legally blind customer and used these funds to purchase two apartments in Rodriguez’ name. The findings stated that when the customer’s apartment lease was terminated, Rodriguez offered with assist the customer with locating and purchasing a residence. Rodriguez purchased an apartment for approximately $70,000 in the Bronx, NY using the customer’s funds. The apartment was supposed to be purchased in the customer’s name. Unbeknownst to the customer, Rodriguez was the sole beneficial owner of the residence. The customer was unable to see or read the documents due to his disability. ”
Rodriguez was employed by HSBC Securities from 12/2010-7/2014, followed by terms of employment with Capital One Investment Services, Capital One Investing and CUSO Financial.
If you have questions about an account handled by Jaime R. Rodriguez call for a no charge consultation.
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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