Casey Thomas Rodriguez of Farmingdale New York a stockbroker formerly registered with Arive Capital Markets has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to provide FINRA with information requested of him in regard to his activities. Case No. 2017054592101 (Oct. 24, 2017).
FINRA Public Disclosure confirms that FINRA suspended Rodriguez on August 14, 2017, and provided Rodriguez until October 23, 2017 to seek that his suspension be lifted. Rodriguez evidently failed to provide FINRA with the information requested of him and attempt to have his suspension lifted by the October 23, 2017 deadline, resulting in an automatic bar having been imposed by FINRA.
This is not the first time that Rodriguez has been suspended by FINRA. Specifically, on April 3, 2017, Rodriguez was suspended by FINRA in all capacities supported by allegations that he failed to disclose to FINRA whether he complied with FINRA Arbitration No. 15-02488 (Dec. 7, 2016), wherein Rodriguez was ordered to pay a customer $72,132.95 in damages based upon Rodriguez having been found liable on the customer’s claims of misrepresentation, fraud, breach of contract, breach of fiduciary duty, margin abuse, suitability, and churning of the customer’s investment portfolio while Rodriguez was associated with Brookstone Securities, Inc.
Rodriguez is referenced in two additional customer initiated investment related disputes pertaining to accusations of Rodriguez’s wrongdoing during the time that he was employed by Brookstone Securities and Arive Capital Markets. Specifically, on August 9, 2010, a customer filed an investment related complaint concerning Rodriguez’s conduct where the customer requested damages estimated to exceed $5,000.00 based upon allegations that the customer’s investment portfolio of stock and over-the-counter equities had been churned.
Subsequently, a customer initiated investment related arbitration claim concerning Rodriguez’s conduct was resolved for $25,000.00 in damages founded on accusations that Rodriguez negligently transacted in the customer’s account, breached his fiduciary duties to the customer, made misrepresentations and omissions of fact, breached his oral and written contractual obligations to the customer, executed transactions in the customer’s account that were inappropriate, churned the customer’s options and over-the-counter equities portfolio, and defrauded the customer. FINRA Arbitration No. 11-00292 (May 4, 2012).
Rodriguez’s registration with Arive Capital Markets was terminated on May 12, 2016. Since April 28, 2005, Rodriguez has been associated with eight different broker dealers, two of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
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