Betty Rodriguez of Weston Florida a stockbroker formerly registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related arbitration claim which was settled for $23,000.00 in damages supported by accusations that (1) the customer’s account had been over-concentrated in mutual fund products which resulted in losses and (2) the investments Rodiguez sold were unsuitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02814 (Mar. 7, 2019).
FINRA Public Disclosure reveals that Rodiguez has been identified in four more customer initiated investment related disputes containing allegations of her misconduct while employed with Banc of America Investment Services Inc., Morgan Keegan Company Inc. and Wells Fargo Advisors LLC. Specifically, on March 31, 2004, a customer filed an investment related complaint concerning Rodiguez’s activities where the customer sought $1,000,000.00 in damages founded on accusations that during the time that Rodiguez was associated with Banc of America Investment Services, omissions were made concerning suspicious mutual fund trades placed through the firm’s affiliate; margin had been improperly utilized to effect securities transactions; the customer’s mutual fund holdings were churned; and unauthorized trades were executed.
Another customer filed an investment related complaint in regard to Rodiguez’s conduct in which the customer requested $33,000.00 in damages based upon allegations that during the period in which Rodiguez was employed by Morgan Keegan Company, the customer was placed in products which were in no way suitable given the customer’s intent to preserve principal and avoid taking on market risk. Rodiguez is also referenced in a customer initiated investment related complaint where the customer sought $27,000.00 in damages supported by accusations that omissions were made by Rodiguez concerning the drawbacks of investments sold to the customer when Rodiguez was associated with Wells Fargo Advisors. On May 27, 2016, another customer filed an investment related complaint involving Rodiguez’s activities in which the customer requested more than $5,000.00 in damages founded on allegations that unauthorized trades were effected in the customer’s account when Rodiguez was associated with Wells Fargo Advisors.
Rodiguez’s employment with Wells Fargo Clearing Services has been terminated as of June 26, 2017. Since June 20, 2017, she has been employed by Oppenheimer Co. Inc.
