Jorge Luis Alfonso of Palm Beach Gardens Florida a stockbroker formerly registered with Deutsche Bank Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in damages founded on allegations that (1) the customer had been placed into speculative and inappropriate stocks given the customer’s objectives for investing or risk tolerance and (2) trades were effected in the customer’s account in an excessive manner by Alfonso when he was employed by Deutsche Bank Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03816 (Nov. 2, 2018).
This is not the first time that Alfonso has been subject of a customer dispute concerning his trading. In particular, FINRA Public Disclosure confirms that on July 1, 2016, another customer filed an investment related complaint in regard to Alfonso’s activities in which the customer sought more than $5,000.00 in damages supported by accusations that while Alfonso was associated with Deutsche Bank Securities, common and preferred stock trades had been executed by Alfonso without the customer’s knowledge or consent.
Alfonso’s employment with Deutsche Bank Securities has been terminated as of July 8, 2016. He was employed by Infinex Investments Inc. between June 29, 2016 and September 11, 2019. Since September 10, 2019, Alfonso has been registered with Snowden Account Services LLC.
