Cristhian Javier Palacios of Hackensack New Jersey a stockbroker currently employed by Garden State Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $298,109.00 in damages founded on accusations that stock and over-the-counter equities trades were effected in the customer’s account on an unsuitable and excessive basis between 2009 and 2016. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02064 (June 12, 2018).
FINRA Public Disclosure further confirms that on January 2, 2008, a customer filed an investment related complaint regarding Palacios’ activities where the customer requested $14,554.90 in damages based upon allegations that unauthorized over-the-counter equities trades had been executed in the customer’s investment account while Palacios was associated with J.P. Turner & Company LLC.
Prior to Palacios commencing employment with Garden State Securities, he was registered with Barron Chase Securities, Inc. – a firm expelled by National Association of Securities Dealers (NASD) supported by accusations that the firm, inter alia, defrauded customers in violation of Securities Exchange Act of 1934 Section 10(b) and Securities and Exchange Commission (SEC) Rule 10b-5. Case No. CAF020008 (Feb. 28, 2002).
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