Richard Gomez, of New York, New York, a stockbroker formerly associated with Avenir Financial Group, has been subject to a customer initiated investment related arbitration claim on July 11, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Gomez breached his fiduciary and contractual duties, and sold fraudulent investments to the customers. The customers additionally alleged that Avenir Financial Group failed to research Gomez’s background, negligently hired Gomez, and failed to supervise Gomez’s activities.
FINRA Public Disclosure additionally reveals that on January 14, 2016, a customer filed an investment related arbitration claim involving Gomez’s conduct, in which the customer requested $110,000.00 in damages based upon allegations that Gomez effected unsuitable and unauthorized transactions in the customer’s account, churned the customer’s account, and generated excessive commissions.
Further, on June 18, 2015, a customer initiated investment related arbitration claim was resolved in favor of the customer, in which the customer received $150,375.98 in damages based upon allegations that Gomez breached his contractual duties to the customer, made misrepresentations concerning investments, and defrauded the customer.
On June 10, 2016, Gomez was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Extended Hearing Panel Decision containing findings that Gomez sold worthless investments outside the auspices of his firm, and made investment recommendations that were unsuitable. Department of Enforcement v. Gomez, No. 2011030293503 (June 10, 2016). Gomez’s conduct was found to be violative of FINRA Rule 2010, and NASD Rules 2310 and 3040.
Since 2006, Gomez has been associated with sixteen different broker dealers, seven of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
Guiliano Law Group
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