FINRA

Respondent Valenzuela failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Letter

Suspension

All capacities

Indefinite

Continues until required payment is made or discharged.

8/5/2022

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Valenzuela is suspended on August 5, 2022 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

CLIENT'S ATTORNEY ALLEGED, INTER ALIA, UNSUITABILITY WITH RESPECT TO CORPORATE BOND INVESTMENTS - JUNE 2016 TO FEBRUARY 2020.

$500,000.00

$170,000.00

This award has not been paid by or on behalf of Valenzuela as of August 5, 2022.

FINRA

Without admitting or denying the findings, Valenzuela consented to the sanctions and to the entry of findings that he willfully failed to amend his Form U4 to disclose a federal tax lien in the amount of $150,967. The findings stated that during FINRA's investigation into Valenzuela's federal tax lien and the circumstances of his termination from his member firm, Valenzuela failed to timely respond to requests for documents and information. The Form U5 disclosed the reason for the termination as, management discretion not to implement additional required supervisory procedures.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$10,000.00

Suspension

All Capacities

eight months

1/6/2020

9/5/2020

The settlement includes a finding that Valenzuela willfully failed to disclose a material fact on a Form U4, and that under section 3(a)(39)(f) of the Securities Exchange Act of 1934 and Article III, Section 4 of the FINRA By-Laws, this omission make him subject to a statutory disqualification with respect to association with a member.

FINRA

Respondent Valenzuela failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All capacities

n/a

10/23/2018

11/16/2018

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated July 20, 2018, and August 13, 2018, respectively, on October 23, 2018, Valenzuela is barred from association with any FINRA member in any capacity. 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 any capacity. Bar vacated on November 16, 2018.

Bankruptcy

Discharged

CLIENT ALLEGES SUITABILITY AND MISREPRESENTATION RELATING TO A VARIABLE ANNUITY.

$8,500.00

CUSTOMER ALLEGES MISREPRESENTATION IN CONNECTION WITH THE PURCHASE OF A MUTUAL FUND.

$26,687.32

$12,269.77