Rudy Anguiano, Former LPL Financial Broker, Barred By FINRA For Conversion

Investors may have suffered losses involving Rudy Anguiano (CRD: 5188950), a former securities broker based in Red Bank, New Jersey. FINRA permanently barred Anguiano. According to FINRA BrokerCheck, Anguiano was registered with Alexander Capital, L.P. from January 12, 2026, to July 8, 2026; LPL Financial LLC from April 4, 2022, to December 18, 2025; and Ameriprise Financial Services LLC from September 24, 2020, to April 8, 2022. Read on to see what FINRA found and how LPL handled the client complaints.

FINRA Barred Rudy Anguiano For Conversion

FINRA permanently barred Rudy Anguiano from associating with any FINRA member in any capacity on September 25, 2026 (Case No. 2025088674601). Anguiano consented to FINRA’s findings that he converted $1,731,000 from two LPL Financial clients and violated FINRA Rules 2150(a) and 2010. However, he did not admit or deny those findings.

FINRA’s action followed its review of LPL’s Form U5 concerning Anguiano. LPL discharged Anguiano on November 21, 2025. The firm alleged that he engaged in outside business activity without prior notice or approval, participated in private investments, and directed clients to those investments. The firm later amended the filing after two clients complained about money transferred from their LPL accounts to an LLC of which Anguiano was the sole member.

FINRA found that Anguiano became the sole owner of the LLC in July 2023 and used it for an outside business activity. Between July 2023 and August 2025, five transfers totaling $1,528,000 allegedly went from one client’s LPL account to a bank account held by the LLC and controlled by Anguiano. The client had allegedly not authorized the transfers and did not know the money was going to the LLC.

Between September 2024 and May 2025, five transfers totaling $203,000 allegedly went from a second LPL client’s account into the same LLC bank account. FINRA stated that the second client also had not authorized the transfers and did not know the money was being sent to Anguiano’s LLC.

Specifically, FINRA concluded that Anguiano’s conduct amounted to conversion and violated Rule 2150(a), which prohibits improper use of client funds or securities, and Rule 2010, which requires securities brokers to comply with ethical standards.

LPL Client Accused Rudy Anguiano Of Failing To Return Funds

In a verbal complaint, an LPL Financial client alleged that Anguiano accepted funds transferred from the client’s LPL account to an unapproved outside business or LLC of which he was the sole member, but failed to return the money. For this reason, LPL settled the complaint on May 7, 2026, for $1,528,000. Anguiano did not contribute to the settlement.

Second LPL Client Alleged Anguiano Failed To Return Funds

Another LPL Financial client made a similar verbal complaint about money transferred from the client’s LPL account to an unapproved outside business or LLC of which Anguiano was the sole member. The client alleged that Anguiano accepted the money and did not return it. LPL settled this complaint on May 4, 2026, for $203,000. Anguiano contributed nothing to the settlement.

Speak With A Securities Attorney About Rudy Anguiano

Did you experience investment losses involving Rudy Anguiano? If so, contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney about possible ways to recover those losses. Specifically, Soreide Law Group works on a contingency fee basis and advances all costs. Anguiano and the brokerage firms he worked for deny accusations of sales practice violations.