Donald George Padilla of Alhambra California a stockbroker formerly employed by National Securities Corporation is the subject of a Financial Industry Regulatory Authority (FINRA) investigation concerning possible violations of FINRA Rule 2010, 8210 and 4511 and National Association of Securities Dealers (NASD) Rule 3110.
FINRA Public Disclosure reveals that Padilla has been terminated from two FINRA member broker firms supported by allegations of his misconduct. In particular, on November 4, 2015, Padilla was terminated from prior employer, LPL Financial LLC, during the time that Padilla was reviewed for possible concealment of business related documentation and use of unauthorized e-mail correspondence. Then, on March 28, 2018, Padilla was terminated from Kestra Investment Services, LLC based upon accusations that he engaged in marketing and correspondence activities in violation of Kestra policies.
Moreover, on September 7, 2007, a customer filed an investment related complaint involving Padilla’s conduct in which the customer requested unspecified damages supported by allegations that during the time that Padilla was associated with WM Financial Services, Inc., omissions had been made to the customer concerning the terms of a variable annuity when the customer purchased the product.
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