Jose Yniguez, previously with Transamerica Financial Advisors, Suspended 14 Months by FINRA
Have you lost money with financial advisor Jose Yniguez? We are looking into allegations made about Jose A. Yniguez from Oxnard, California. FINRA (the Financial Industry Regulatory Authority) suspended Yniguez from the securities industry for 14 months, fined him $12,500, and ordered disgorgement of $1,600. FINRA was investigating Yniguez after he allegedly did not disclose private securities transactions to his former brokerage firm, Transamerica Financial Advisors. Yniguez has been alleged to have sold investments in cryptocurrency.
Jose Yniguez was a financial advisor and registered representative of Transamerica Financial Advisors from January 2012 to November 2018. He worked in a branch office in Oxnard, California. Yniguez was also terminated by Transamerica Financial Advisors.
Brokerage firms like Transamerica Financial Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Transamerica Financial Advisors.