Gary Dennis Ruiz of Huntington Station New York a stockbroker formerly employed by Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he neglected to respond to FINRA’s information requests. Case No. 2017054030901 (Dec. 11, 2017).
FINRA Public Disclosure confirms that FINRA sent Ruiz a notice dated September 6, 2017 which stated that Ruiz would be suspended on October 2, 2017 based upon failing to provide FINRA with the requested information. Once suspended, Ruiz reportedly had until December 10, 2017 to seek the termination of his suspension; however, he failed to respond in time. FINRA automatically barred him by December 11, 2017.
Ruiz was discharged by Citigroup Global Markets Inc. on April 7, 2017 supported by accusations that he violated the company’s policy and regulations of the industry by entering into a customer loan arrangement.
Moreover, on April 13, 2017, a customer initiated investment related complaint involving Ruiz’s activities was resolved for $54,715.26 in damages based upon allegations of the failure to execute the customer’s mutual fund purchases while Ruiz was associated with Citigroup Global Markets, Inc.
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