INVESTOR ALERT: Alberto Sanchez of Principal Securities BARRED
Alberto Sanchez, formerly with Principal Securities, Barred from Securities Industry
Have you lost money with financial advisor Alberto Sanchez of Fort Lauderdale, Florida? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Alberto Sanchez. FINRA barred Sanchez from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Sanchez after his former brokerage firm, Principal Securities, disclosed that he may have been involved in an undisclosed outside business activity.
Alberto Sanchez was a financial advisor and registered representative of Principal Securities from February 2013 to November 2017. He was also affiliated with MML Investors Services from November 2017 to June 2018; and with SagePoint Financial from June 2018 to May 2019. He worked at branch offices in Fort Lauderdale, Florida. He also has been the subject of two customer complaints.
Brokerage firms like Principal 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 and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Sanchez, Alberto BrokerCheck
Click to view: Sanchez, Alberto FINRA AWC
If you lost money with Alberto Sanchez or Principal Securities, CONTACT ISRAELS & NEUMAN at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.