Category Archives: PSA Equities

Former H.D. Vest Broker Sanctioned for Failing to Report Personal Bankruptcy to FINRA

July 10, 2015-

Jose Palacio  entered into a Letter of Acceptance Waiver and Consent (AWC)  with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he violated FINRA Rules 1122 and 2010 by failing to report to FINRA the fact that, while associated with H.D. Vest , he filed a Chapter 7 bankruptcy proceeding and willfully failed to disclose it on FINRA forms.

Palacio was suspended for four months from association with any FINRA member in any capacity and assessed a $5,000 fine.

FINRA AWC 2014042059901

According to FINRA records, Palacio was registered with H.D. Vest Investment Services from 4/2010-3/2015 in Ellicott City, MD. Prior to that he was registered with PSA Equities in Columbia, MD.

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