Investor Alert: Jorge A. Reyes was barred for violating Securities Exchange Act of 1934

/

FINRA Sanctions & Allegations of Misconduct

13.jpg

FINRA barred Jorge A. Reyes (CRD #4256834) from Miami, Florida for violating Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder, and violated FINRA Rule 2020 by defrauding investors in connection with nearly $4 million in investments in private placement offerings. Moreover, by obtaining a salary, bonuses and commissions through funds raised in each of the offerings, Reyes obtained money or property through his fraud, and his conduct also amounted to practice or course of business that operated as a fraud or deceit upon the purchaser; thus in the alternative to the Section 10(b) cause of action, his conduct violated Sections 17(a)(2) and (a)(3) of the Securities Act of 1933. The findings also stated that Reyes misappropriated $170,000 he received from a customer for investment purposes.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through CP CAPITAL SECURITIES or Jorge A. Reyes, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.