ADP’s Gabriel Ruiz Barred By FINRA After Termination As Securities Broker

Financial Industry Regulatory Authority (FINRA) barred securities broker Gabriel Ruiz [CRD: 7426643, Roseland, New Jersey], according to disclosures on BrokerCheck. Evidently, Gabriel Ruiz worked for ADP Broker-Dealer Inc. from December 20, 2021, to January 24, 2023. Below, you’ll find a summary of Ruiz’s disclosures.

FINRA Barred Ruiz For Refusing To Produce Documents In Investigation

Particularly, on April 18, 2024, FINRA issued Case: 2023077701101 sanctioning Gabriel Ruiz. Specifically, Ruiz was barred from associating with any FINRA member in all capacities. Supposedly, a Form U5 filed by his employer, ADP Broker-Dealer Inc., stated that Ruiz violated the firm's Code of Business Conduct Ethics related to conflicts of interest and fair dealing. On January 31, 2024, FINRA requested Ruiz to produce certain information or documents. On March 25, 2024, Ruiz acknowledged the request but refused to comply, violating FINRA Rules 8210 and 2010.

Gabriel Ruiz Discharged For Violating ADP Inc. Policies

Also, ADP Broker-Dealer Inc. disaffiliated with Ruiz on December 28, 2022. Allegedly, Ruiz used a personal email account rather than an ADP email account to engage in communications with a payroll client. Supposedly, he requested a payment to his personal financial account. Following a follow-up inquiry from the client, ADP Inc. terminated Ruiz's employment with the company and ADP Broker-Dealer Inc.

Did You Sustain Losses Because Of Securities Broker Gabriel Ruiz?

Suffer losses because of Gabriel Ruiz? You could reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer  concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Ruiz and the brokerage firms Ruiz worked for deny accusations of sales practice violations.