Jesse Gil III of Corpus Christi Texas a stockbroker currently registered with Allstate Financial Services LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice which indicated that FINRA Department of Enforcement should take disciplinary action against Gil supported by accusations that (1) Gil engaged in outside business activities without disclosing them to her employing securities broker dealer (2) Gil breached a fiduciary duty to a customer of the firm and (3) Gil converted funds belonging to a customer. Wells Notice No. 20160518143 (Aug. 28, 2018).
According to the Wells Notice, FINRA launched an investigation into Gil to determine whether she engaged in conduct violative of FINRA Rules. FINRA concluded that Gil should face disciplinary action for outside business activities; conduct violative of FINRA Rules 2010 and 3270. Moreover, FINRA suspects Gil breached a fiduciary duty, converted a customer’s funds, and falsified information within compliance certifications administered by her employing securities broker dealer; conduct violative of FINRA Rules 2010.
FINRA Public Disclosure additionally confirms that Gil was associated with Allstate Financial Services LLC between December 1, 2011 and April 10, 2015. Between March 26, 2015 and May 11, 2016, Gil was associated with Merrill Lynch Pierce Fenner Smith Inc. Gil then became reemployed with Allstate Financial Services on June 24, 2016.
