National investment loss lawyers KlaymanToskes reports broker Jorge Baquero (CRD# 6847919) has been indefinitely suspended by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker at any FINRA-regulated brokerage firm.
Investors that suffered losses with Jorge Baquero may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lawrence@klaymantoskes.com for a free consultation to discuss legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
FINRA’s Department of Enforcement suspended Jorge L. Garzon Baquero in all capacities starting August 14, 2023, following his failure to comply with a FINRA Arbitration Award. The Award determined that Baquero was liable for and would pay $14,017.80 in compensatory damages. Baquero will remain indefinitely suspended by FINRA until required payment is made or discharged.
FINRA (Financial Industry Regulatory Authority) is the self-regulatory body responsible for regulating all U.S. brokers and brokerage firms doing business with customers in the United States and other countries.
Under FINRA rules, financial advisors and their firms are responsible for providing suitable investment advice and may also be liable for a breach of fiduciary duty in the event of a misrepresentation, omission or unsuitable recommendation resulting in losses suffered by the investor. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making suitable investment recommendations.
Facts about each investor, such as their financial situation/needs, age, employment status, tax status, investment objectives and experience, risk tolerance, and what other investments they may be holding must be taken into consideration by brokers/financial advisors in order to meet the “reasonable diligence” requirement of FINRA’s suitability rule. These factors help determine the suitability of a particular investment or investment strategy for a particular investor.
Investors that have suffered losses as a result of their advisor’s violations of securities rules may hold their brokerage firm and financial professional liable through a FINRA arbitration claim. Contact KlaymanToskes today at (888) 997-9956 to discuss your potential case and learn more about the arbitration process.
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