Rajvinder Singh Budwal of San Jose, California, a stockbroker associated with SagePoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $22,500.00 in damages based upon allegations that Budwal made unsuitable recommendations of an equity fund. Budwal was associated with SagePoint Financial Inc. at the time of the alleged activities. FINRA Arbitration No. 21-01314 (September 18, 2022).
This is not the first time that Budwal has been referenced in a customer initiated investment related dispute concerning Budwal’s conduct in the securities industry. FINRA Public Disclosure shows that Budwal was also referenced in a customer initiated investment related complaint filed on September 22, 1997, in which the customer requested $5,500.00 in damages based upon allegations that Budwal made omissions of material fact regarding the charges on a policy. The complaint was denied.
Budwal was associated with SagePoint Financial Inc. in San Jose, California from October 31, 2005, to September 1, 2023. Budwal has been associated with Osaic Wealth Inc. in San Jose, California since September 1, 2023.
