Securities Lawyers Blog
Broker Daniel Vazquez (Vazquez) was recently sanctioned by The Financial Industry Regulatory Authority (FINRA) in an enforcement action that resulted in a permanent bar from the securities industry. According to the FINRA AWC (Letter of Acceptance, Waiver, and Consent) FINRA found that Vazquez failed to request termination of his suspension within three months of the date of the suspension and was automatically barred from association with any FINRA member in any capacity.
The securities lawyers of Gana Weinstein LLP are investigating the six customer complaints brought against Vazquez. In addition, Vazquez has one judgment or lien. The customer complaints allege a number of securities law violations including that the broker made unsuitable investments, misrepresentations, an unauthorized trading among other claims.
The most recent claim was filed in December 2016 alleging Vazquez engaged in unsuitable trades causing $1,500,000 in damages. The complaint is currently pending. In August 2016 another investor filed a complaint alleging investment losses from trades made with Vazquez through two firms from 2013-2016 that were unsuitable. The claim alleges $107,392.85 in damages and is currently pending.