FINRA Sanctions Jesus Alvidrez

Soreide Law Group is investigating possible investor claims against securities broker Jesus Alvidrez AKA Jesus Jose Alvidrez [CRD#: 6414709, Brea, CA]. Evidently, FINRA sanctioned the securities broker, who worked for Transamerica Financial Advisors. Allegedly, Alvidrez failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Here is a brief summary FINRA’s allegations against Alvidrez.

FINRA Sanctions Transamerica Financial Advisors’ Jesus Alvidrez For Failure To Provide Information

Evidently, on May 17, 2022, FINRA issued Case #: 2020067567201 sanctioning Jesus Alvidrez for infractions. Specifically, FINRA barred the securities broker. Notably, FINRA alleged that Alvidrez failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules.

According to the AWC, on August 14, 2020, Transamerica Financial Advisors Inc. terminated Alvidrez’s registration by filing a Uniform Termination Notice for Securities Regulation (Form U5) with FINRA, where it was disclosed that Alvidrez resigned while he was under review by the firm for possible undisclosed outside business activities. FINRA then began an investigation into Alvidrez based on the disclosures contained within the Form U5. In January 2022, FINRA began to send requests to Alvidrez for the production of documents and information. Initially, Alvidrez cooperated with FINRA’s requests but ultimately ceased cooperation in April 2022. Alvidrez sent an email to FINRA staff on April 29, 2022, where he indicated that he had received the requests for documents and information but would not comply with the request. As a result, Alvidrez violated FINRA Rules 2010 and 8210.

Transamerica Financial Advisors Terminates Alvidrez For Outside Business Activities

Evidently, Transamerica Financial Advisors disaffiliated with Alvidrez. Transamerica Financial Advisors alleged that Alvidrez engaged in an undisclosed outside business activity.

Recent Employer Information

Jesus Alvidrez worked for Transamerica Financial Advisors in Brea, CA, as a securities broker from November 25, 2014 to August 14, 2020.

Damages Resulting From Transamerica Financial Advisors Securities Broker Jesus Alvidrez?

Have you sustained damages because of securities broker Jesus Alvidrez? If so, get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered money for investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Alvidrez and brokerage firms Alvidrez was employed by deny any and all allegations of sales practice violations.