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FINRA has suspended this individual from acting as a broker. Please see the detailed report for more information
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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.
Resolution
Letter
Sanctions
Suspension
Registration Capacities Affected
All capacities
Duration
Indefinite
Duration Explanation
Continues until required payment is made or discharged.
Start Date
8/5/2022
Regulator Statement
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.
2/6/2020
Customer Dispute
Award / Judgment
Allegations
CLIENT'S ATTORNEY ALLEGED, INTER ALIA, UNSUITABILITY WITH RESPECT TO CORPORATE BOND INVESTMENTS - JUNE 2016 TO FEBRUARY 2020.
Damage Amount Requested
$500,000.00
Damages Granted
$170,000.00
Regulator Statement
This award has not been paid by or on behalf of Valenzuela as of August 5, 2022.
12/17/2019
Regulatory
Final
Initiated By
FINRA
Allegations
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.
Resolution
Acceptance, Waiver & Consent(AWC)
Sanctions
Civil and Administrative Penalty(ies)/Fine(s)
Amount
$10,000.00
Sanctions
Suspension
Registration Capacities Affected
All Capacities
Duration
eight months
Start Date
1/6/2020
End Date
9/5/2020
Sanctions
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.
7/20/2018
Regulatory
Final
Initiated By
FINRA
Allegations
Respondent Valenzuela failed to respond to FINRA request for information.
Resolution
Letter
Bar
Bar (Permanent)
Registration Capacities Affected
All capacities
Duration
n/a
Start Date
10/23/2018
End Date
11/16/2018
Regulator Statement
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.
11/28/2017
Financial
Final
Type
Bankruptcy
Disposition
Discharged
11/3/2008
Customer Dispute
Denied
Allegations
CLIENT ALLEGES SUITABILITY AND MISREPRESENTATION RELATING TO A VARIABLE ANNUITY.
Damage Amount Requested
$8,500.00
11/23/2005
Customer Dispute
Settled
Allegations
CUSTOMER ALLEGES MISREPRESENTATION IN CONNECTION WITH THE PURCHASE OF A MUTUAL FUND.
Damage Amount Requested
$26,687.32
Settlement Amount
$12,269.77
License(s)
The broker is not currently registered with any state or SRO.
A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.
IA
Investment Adviser
An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
Disclosures
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
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Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.