Andoni Yturralde, of New York, New York, a stockbroker registered with deVere USA Inc., has been terminated from employment on January 27, 2017, based upon allegations that Yturralde failed to cooperate with the procedures and policies of the firm, failed to effect trades in accordance with a customer’s instructions, and effected unauthorized equity transactions in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on November 4, 2016, a customer initiated investment related written complaint involving Yturralde’s conduct was settled for $17,363.75 in damages based upon allegations that Yturralde made unsuitable investment recommendations to the customer concerning a qualified recognized overseas pension scheme.
Yturralde was also terminated by a prior employer, Merrill Lynch, Pierce, Fenner & Smith Incorporated, on February 4, 2009, based upon allegations that transactions which Yturralde once claimed were fraudulently effected in his account were later admitted by Yturralde to have been effected by him. Since July 9, 1998, Yturralde has been associated with seven different broker dealers, three of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
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