National investment loss lawyers KlaymanToskes reports broker Pierre Hilario (CRD# 4386481) has been permanently barred from acting as a broker or associating with a broker-dealer firm by the Financial Industry Regulatory Authority (“FINRA”).
According to FINRA BrokerCheck, Pierre Michael Hilario was previously registered with Ni Advisors in Milpitas, CA, and was also doing business as Tranquillum Capital Advisors. FINRA’s decision comes after Hilario refused to produce information and documents in connection with the regulator’s investigation into private placement offerings.
Investors that suffered losses with Pierre Hilario may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. immediately at (888) 997-9956 or lawrence@klaymantoskes.com to discuss your recovery options. We do not collect attorney’s fees unless we obtain a financial recovery for you.
FINRA’s Department of Enforcement entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) with Pierre Hilario, disclosing that he consented to sanctions of a permanent bar from associating with any FINRA member in all capacities.
According to the AWC, in connection with FINRA’s investigation into certain private placement offerings, the regulator sent a request to Hilario pursuant to FINRA Rule 8210 for the production of documents and information. FINRA also sent Hilario a request for on-the-record testimony.
On August 17, 2023, Hilario acknowledged that he received FINRA’s request and will not appear for on-the-record testimony at any time or produce the documents and information requested. By refusing to produce the information or documents as requested pursuant to FINRA Rule 8210, Hilario violated FINRA Rules 8210 and 2010.
Under FINRA Rule 8210, all brokerage firms and registered financial professionals are required to provide information, documents, and testimony upon regulators’ requests.
A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires brokerage firms and their registered representatives to “observe high standards of commercial honor and just and equitable principles of trade.”
Former customers of Pierre Hilario that suffered investment losses at Tranquillum Capital Advisors and/or Ni Advisors are encouraged to contact our firm immediately to discuss recovery options at 888-997-9956 or on the web at www.klaymantoskes.com.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com