Rogerio T. Almeida (also known as Rogerio De Almeida Filho), of Orange City, Florida, a stockbroker registered with Edward Jones, has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Almeida engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2022076195901 (June 27, 2023).
According to the AWC, Almeida carried out outside business activities as a loan broker without initially sending a written notice to Edward Jones. The AWC indicated that Almeida gained $35,026.00 through commissions from those operations. Almeida handed over an outside business activity request to the company, revealing he possessed a home loan license with a mortgage firm and falsely claiming he had not been functioning as a loan broker. The company dismissed the outside business activity request, yet Almeida kept on working as a loan broker even after the company’s disapproval. Consequently, Almeida violated FINRA Rules 2010 and 3270.
Public Disclosure shows that Almeida was also referenced in a customer initiated investment related complaint that was settled on September 26, 2022, for compensation based upon allegations that Almeida failed to follow instructions in connection with the sale of investments when Almeida was associated with Edward Jones.
Almeida was associated with Edward Jones as a stockbroker from May 11, 2019, to September 7, 2022.
