On May 10, 2021, CANDIDO JOSE VIYELLA (CANDIDO VIYELLA, CRD#: 1829255) formerly with Morgan Stanley of Miami from 2009 – 2020, was barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm. Viyella was previously registered both as a broker and as an investment advisor.
According to FINRA, without admitting or denying FINRA’s findings, CANDIDO VIYELLA consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation into whether he allegedly participated in private securities transactions without providing prior written notice to his member firm.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, CANDIDO VIYELLA, had been in the securities industry for 32 years. He has 7 Disclosures on his FINRA CRD report. Five of the Disclosures are “Customer Disputes.” Two disputes have settled and three are pending. All five were filed between 2019 and 2020, and all five mention the solicitation of outside investment opportunities.
Also one of the Disclosures on Viyella’s BrokerCheck report, dated November 18, 2020, was an “Employment Separation After Allegations,” which Viyella was discharged from Morgan Stanley (MSWM). The allegations were, “Registered representative terminated after allegations were made accusing him of participation in an outside investment involving clients for which the registered representative had a beneficial ownership interest.”
According to a May 13, 2021 article from citywireamericas.com, CANDIDO VIYELLA, was allegedly discharged from Morgan Stanley last November over a $1.5 million arbitration case involving an undisclosed stake in a Fort Lauderdale hotel that was not authorized by the firm.
The Financial Industry Regulatory Authority (FINRA) has been cracking down on brokers who market off-platform investments without the written permission from their firms. If a registered representative sells away from their firm, the firm may be liable for the lack of supervision of the broker or financial advisor.
If you have experienced financial losses due to the actions or recommendations of CANDIDO VIYELLA, formerly of Morgan Stanley of Miami, contact the South Florida-based Soreide Law Group at no cost and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.