Stoltmann Law Offices is investigating Francisco Javier Sumavielle, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Sumavielle was accused of borrowing a total of $130,000 from two of his customers when he was registered with Murex Capital LLC. FINRA rules prohibits a registered representative from borrowing money from or lending money to any customer of that registered representative. For this, he was fined $12,500 and suspended from the industry for seven months.
According to his online BrokerCheck report, Sumavielle was registered with Oppenheimer & Co., Chase Manhattan Capital, Refco Securities, Pali Capital, Avila Capital Markets and Murex Capital in New York, New York from September 2012 until October 2014. He is not licensed within the industry. If you suffered losses with Sumavielle, please call our securities law offices in Chicago. We may be able to help you bring a claim against his former firm, Murex Capital for financial losses.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.