John Jaramillo, formerly with Western International Securities, Suspended by FINRA
Have you lost money with financial advisor John R. Jaramillo? We are looking into allegations made about John Jaramillo from Westlake Village, California. FINRA (the Financial Industry Regulatory Authority) suspended Jaramillo from the securities industry for five months and fined $5,000. FINRA alleged that Jaramillo sold investments in the Woodbridge Group of Companies without disclosing such to his former brokerage firm, Western International Securities. Woodbridge has gone bankrupt and has injured thousands of investors.
John Jaramillo was a financial advisor and registered representative of Western International Securities from 2008 to March 2020. He worked in a branch office in Westlake Village, California.
Brokerage firms like Western International Securities 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; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Western International Securities.