Customer alleges her former financial advisor made misrepresentations about the risks associated with certain investments. Customer made the investments in April 2016 and was told she would not be reimbursed for loss of principal in her investment. Firm's investigation found the customer was sufficiently informed about the nature of the investment and risk.

$4,300.00

$4,500.00

FINRA

Respondent Montenora failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All capacities

Indefinite

9/26/2017

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated June 23, 2017 and July 17, 2017 respectively, on September 26, 2017, Montenora is barred from association with any FINRA member in all capacities. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.

Capital One

Voluntary Resignation

An internal fraud investigation was initiated on April 18, 2017 by Capital One AML and Corporate Security departments as a result of information received involving a Capital One Investing, LLC Financial Advisor ("FA"). It is believed that the FA misappropriated funds of any elderly client from the client's Capital One retail bank account(s) to accounts at a third party institution in the name of the FA and his partner. Additionally, the broker maintained a financial services website that was not approved by the firm.

I HAVE NEVER BEEN AUTHORIZED TO PERFORM BANKING TRANSACTIONS, NOR AM I RESPONSIBLE FOR THE BANKING HABITS OF RETAIL BANK CUSTOMERS. MY MAIN RESPONSIBILITIES ARE TO ADVISE, AND MAINTAIN BROKERAGE ACCOUNTS OPENED AND HELD AT CAPITAL ONE INVESTING, THIS SITUATION IS A MISUNDERSTANDING AND UNFORTUNATE EVENT IN MY CAREER THAT SPANS OVER TWO DECADES AS A LICENSED REPRESENTATIVE. I HAVE ALWAYS MAINTAINED A BIO WEBSITE AND PERSONAL INVESTMENTS THROUGH MY ENTIRE CAREER AND FULLY DISCLOSED ALL INFORMATION IN WRITING DURING MY HIRING PROCESS, ACCOUNTS WERE ONLY FUNDED WITH MONIES EARNED FROM MY EMPLOYMENT THROUGHOUT THE YEARS.

Capital One

Voluntary Resignation

An internal fraud investigation was initiated on April 18, 2017 by Capital One AML and Corporate Security departments as a result of information received involving a Capital One Investing, LLC Financial Advisor ("FA"). It is believed that the FA misappropriated funds of any elderly client from the client's Capital One retail bank account(s) to accounts at a third party institution in the name of the FA and his partner. Additionally, the broker maintained a financial services website that was not approved by the firm.

I HAVE NEVER BEEN AUTHORIZED TO PERFORM BANKING TRANSACTIONS, NOR AM I RESPONSIBLE FOR THE BANKING HABITS OF RETAIL BANK CUSTOMERS. MY MAIN RESPONSIBILITIES ARE TO ADVISE, AND MAINTAIN BROKERAGE ACCOUNTS OPENED AND HELD AT CAPITAL ONE INVESTING, THIS SITUATION IS A MISUNDERSTANDING AND UNFORTUNATE EVENT IN MY CAREER THAT SPANS OVER TWO DECADES AS A LICENSED REPRESENTATIVE. I HAVE ALWAYS MAINTAINED A BIO WEBSITE AND PERSONAL INVESTMENTS THROUGH MY ENTIRE CAREER AND FULLY DISCLOSED ALL INFORMATION IN WRITING DURING MY HIRING PROCESS, ACCOUNTS WERE ONLY FUNDED WITH MONIES EARNED FROM MY EMPLOYMENT THROUGHOUT THE YEARS.

CUSTOMER ALLEGED THAT PURCHASE OF TAX-FREE MUNICIPAL BOND FUND IN APRIL 2007 WAS UNSUITABLE AND SOUGHT TO BE MADE WHOLE ON ORIGINAL INVESTMENT.

$8,465.00

REPRESENTATIVE MADE FULL DISCLOSURES CONCERNING HIGHLY RATED FUND WITH A LENGTHY PERFORMANCE HISTORY.

CLIENT ALLEGES SHE DID NOT AUTHORIZE TRADES PLACED IN THE ACCOUNT.

$7,799.79

COMPLAINT DENIED. FINANCIAL CONSULTANT'S STATEMENT AND ACCOUNT DOCUMENTATION INDICATE CLIENT AUTHORIZED TRADES.