FINRA Issued Fine To Broker Rogerio Almeida

Soreide Law Group is currently examining potential claims on behalf of investors who have incurred financial losses due to the actions of securities broker and financial advisor, Rogerio T. Almeida (Rogerio T. De Almeida Filho) [CRD: 7083841, Orange City, Florida]. Almeida worked with Edward Jones from May 11, 2019, to September 7, 2022. The Financial Industry Regulatory Authority (FINRA) sanctioned Rogerio Almeida for violations related to unauthorized outside business activities. Additionally, a client of Edward Jones raised concerns about Mr. Almeida's sales practices, which allegedly resulted in financial harm.

FINRA Sanctioned Almeida For Outside Business Activities Violations

Evidently, on June 27, 2023, FINRA issued Case: 2022076195901 sanctioning Rogerio Almeida for infractions. Specifically, FINRA alleged that Almeida engaged in outside business activities (OBAs) as a mortgage loan officer without providing prior written notice to his member firm, Edward Jones. Supposedly, Almeida earned $35,026 in commissions from these activities. Despite his firm's rejection of the disclosed OBA form—where Almeida inaccurately claimed he was not working as a loan officer—he continued to serve as a loan officer. The sanctions concluded with a fine of $5,000 and two-month suspension.

Rogerio Almeida Disclosed Sales Practices Allegations By Edward Jones Client

Specifically, a client of Edward Jones contested Rogerio Almeida's sales practices, according to a complaint. Supposedly, Almeida failed to follow the client's instructions of liquidating the client’s guided solutions account and placing the proceeds into a money market in November 2021. It appears that Almeida's actions caused the client to sustain damages. Therefore, Edward Jones opted to settle the matter on September 26, 2022, by compensating the client in the amount of $2,457.71.

Almeida Discharged For Policy Violations

Also, Edward Jones disaffiliated with Rogerio Almeida on August 12, 2022. Supposedly, Almeida violated the firm's outside activities policy and provided inaccurate information on an outside activities disclosure document.

Seek Representation For Your Losses

Did you experience losses because of Rogerio Almeida? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Almeida and brokerage firms Edward Jones deny accusations of sales practice violations.