Published On: February 24, 2017

Alejandro Falla, a former broker with BAC Florida Investments, was recently barred from the industry by the Financial Industry Regulatory Authority (FINRA). He was accused of charging the firm’s clients undisclosed markups and markdowns in fixed income transactions. He also failed to disclose the use of non-market foreign exchange (FX) rates in connection with a series of bond swap transactions in retail client accounts. BAC Florida Investments also failed to establish and maintain a supervisory system and further failed to establish, maintain and enforce written supervisory procedures that were designed to identify and prevent the use of non-market FX rates, excessive markups, short-term trading, undue concentration and unsuitable use of margin in customer accounts, according to FINRA.

Mr. Falla was registered with Ultralat Capital Markets in Miami, Florida from May 2006 until June 2012 and BAC Florida Investments in Coral Gables, Florida from March 2013 until October 2014. He has been permanently barred from the industry. If you suffered losses with Mr. Falla, you may be able to bring a claim against his former firm, BAC Florida Investments in the FINRA arbitration forum. We take cases on a contingency fee basis only. 312-332-4200. The call is free with no obligation.

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