Recently, the Financial Industry Regulatory Authority (FINRA) barred financial advisor Juan Alejos for his sale of private investments. FINRA alleged that he engaged in outside business activities and possible private securities transactions without first providing the firm written notice of his activities. The providing of loans or selling of notes and other investments outside of one’s brokerage firm is a practice known as “selling away.” This is when brokers who engage in this practice use outside businesses in order to market their own securities and raise capital for various ventures. It is against securities laws. Alejos’ former firm, Charles Morgan, can be sued in the FINRA arbitration forum on a contingency fee basis if you lost money with him. The firm had a duty to properly supervise him and did not. Therefore, they may be responsible for losses. Please call 312-332-4200 today to speak to an attorney about your options. The call is free with no obligation.
According to his online, FINRA BrokerCheck report, Mr. Alejos was registered with Paragon Capital Markets in East Hanover, New Jersey from December 2000 until January 2001, Fordham Financial Management in New York, New York from December 2000 until January 2008, Pointe Capital in New York from January 2008 until February 2008, Charles Morgan Securities in New York from February 2008 until November 2012 and Spartan Capital Securities in New York form October 2012 until December 2015. He has four customer disputes against him, one of which is currently pending. He has been permanently barred from the industry.
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