John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Soreide Law Group is investigating whether to bring investor disputes against securities broker Francisco Javier Valenzuela (CRD#: 2786970, Tucson, Arizona). Namely, the securities broker, who worked for major securities firms including Merrill Lynch (2010 to 2015) and Morgan Stanley (2015 to 2018), currently has seven disclosures on his FINRA BrokerCheck Report. Evidently, at least four investors filed disputes alleging sales practice violations by him. Not only that, but FINRA temporarily barred Valenzuela as a securities broker. Here’s more.
It appears that a client of Merrill Lynch contested Francisco Valenzuela’s sales practices in October 2020. First of all, the client alleged that Valenzuela made excessive trades in their account. Secondly, Valenzuela supposedly provided bad investment advice. Thirdly, the client alleged that the stockbroker misrepresented important facts in connection with their investments. For this reason, the client asks for $500,000 to resolve this ongoing matter.
Apparently, a Morgan Stanley Smith Barney (MSSB) client took aim at Francisco Valenzuela through a February 2020 dispute. Specifically, they alleged that Valenzuela sold unsuitable corporate bonds. It appears that the corporate bond purchases were not compatible with their needs, goals or risk tolerance. Given the allegations of suitability, the client demands compensation. Evidently, this matter is unresolved as of March 16, 2021.
Two other investors disputed Francisco Valenzuela’s sales practices. In one of those disputes, the client alleged that Valenzuela misrepresented information in regard to a mutual fund purchase. Notably, that dispute settled through a $12,269 payment to the client. And in the second dispute, the client claimed that Valenzuela sold an unsuitable and misrepresented variable annuity. However, the securities firm denied that complaint.
Notably, FINRA investigated Francisco Valenzuela in 2018. It appears that Valenzuela was supposed to provide information to the financial industry watchdog. However, Valenzuela did not cooperate. For this reason, FINRA suspended him in August 2018. Eventually, it barred him in October 2018. However, FINRA apparently lifted this bar in November 2018.
Also, FINRA sanctioned Francisco Valenzuela in January 2020. Basically, Valenzuela agreed to an eight month suspension and $10,000 fine to resolve the regulator’s allegations of him failing to disclose adverse information about himself on BrokerCheck. Not only that, but the securities broker allegedly failed to provide FINRA with an explanation of his termination from a securities firm. The suspension was in effect between January 2020 to September 2020.
Did your losses come from Francisco Valenzuela? If so, call us at (888) 760-6552 and sp
eak with an experienced securities lawyer about a potential recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have experienced losses due to financial advisors and securities brokers. FINRA BrokerCheck indicates that Valenzuela denies all allegations of his sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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