Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly associated with Morgan Stanley Smith Barney has been referenced in a customer initiated investment related written complaint on February 6, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been placed into unsuitable corporate bond investments by the stockbroker between June of 2016 and February of 2020.
Valenzuela has been identified in two more customer initiated investment related disputes concerning accusations of his misconduct when he was employed by Chase Investment Services Corporation. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer filed an investment related complaint in reference to Valenzuela’s conduct where the customer sought $8,500.00 in damages based upon accusations that misrepresentations were made to the customer concerning a variable annuity. The claim also alleges that transactions that were effected by the stockbroker had failed to be suitable for the customer.
Another customer initiated investment related complaint involving Valenzuela’s conduct was settled for $12,269.77 in damages based upon allegations that false representations had been made by Valenzuela with respect to the customer’s mutual fund investments at Chase Investment Services Corporation.
Valenzuela has also been twice sanctioned by a securities regulator for misconduct. He was suspended from associating with any FINRA member in any capacity based upon allegations that he declined to respond to FINRA’s request for his information. Case No. 2018057266701. The stockbroker was issued a Suspension from Association letter on August 13, 2018 which warned that he would be barred if he did not timely respond to the regulator’s requests or otherwise seek termination of his suspension. He was automatically barred by FINRA, but this bar was vacated on November 16, 2018.
Valenzuela was subsequently fined $10,000.00 and suspended for eight months by FINRA based upon findings that he failed to make required disclosures relating to his financial obligations and he did not properly address FINRA’s requests for his information or documentation. Letter of Acceptance Waiver and Consent No. 2018057266702 (Dec. 17, 2019).
Valenzuela’s employment with Morgan Stanley was terminated on January 25, 2018.
