Joseph Ismael Rodriguez of Parsippany New Jersey a stockbroker currently employed by Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim which settled for $47,500.00 in damages founded on accusations that the customer was placed into investment grade municipal bonds from 2013 to 2017 which failed to be appropriate for the customer given the customer’s conservative risk tolerance. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-03108 (Feb. 6, 2019).
FINRA Public Disclosure reveals that Rodriguez is referenced in five additional customer initiated investment related disputes pertaining to allegations of his misconduct during the time that he was employed by Hennion Walsh Inc. In particular, a customer initiated investment related claim regarding Rodriguez’s conduct was resolved for $29,000.00 in damages based upon accusations that the customer was required to pay excessive commissions on over-the-counter equities transactions effected in the customer’s investment account by Rodriguez.
Another customer initiated investment related arbitration claim concerning Rodriguez’s activities was settled for $25,000.00 in damages supported by allegations that unsuitable recommendations were made to the customer by Rodriguez concerning the municipal debt investments held in the customer’s account which caused the customer to sustain unwarranted losses. FINRA Arbitration No. 15-02348 (Sept. 2, 2016). Then, a customer initiated investment related arbitration claim involving Rodriguez’s conduct was resolved for $60,000.00 in damages founded on accusations of unsuitable recommendations being made to the customer concerning municipal debt investments while Rodriguez was associated with Hennion Walsh. FINRA Arbitration No. 16-01032 (Aug. 15, 2017).
Moreover, Rodriguez is the subject of a customer initiated investment related arbitration claim in which the customer sought $50,000.00 in damages based upon allegations of bad investment advice being provided to the customer by Rodriguez about debt investments held in the customer’s account which caused the customer to experience losses. FINRA Arbitration No. 18-01082 (Mar. 23, 2018). Subsequently, a customer initiated investment related arbitration claim concerning Rodriguez’s activities was settled to resolve accusations that Rodriguez executed municipal bonds transactions in the customer’s account which failed to be suitable given the customer’s investment objectives or risk tolerance. FINRA Arbitration No. 17-01397 (Dec. 20, 2018).
Rodriguez has been registered with Hennion Walsh Inc. since August 26, 1998.
