Wilfred Rodriguez Jr. (also known as Wil Rodriquez), of Boca Raton, Florida, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint that was settled on December 23, 2020, for $2,550,000.00 in damages based upon allegations that Rodriguez committed forgery, made unauthorized withdrawals from the customer’s account, and misappropriated funds during the time that Rodriguez was associated with Wells Fargo Clearing Services LLC.
This is not the first time that Rodriguez has been referenced in a customer initiated investment related dispute concerning Rodriguez’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Rodriguez is also referenced in a complaint filed on December 11, 2000, in which the customer requested $13,000.00 in damages resulting from underperforming mutual funds at Citicorp Investment Services.
FINRA Public Disclosure also shows that Rodriguez has been barred from associating with any FINRA member in any capacity because Rodriguez failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2018059379401 (October 9, 2018).
According to the AWC, on August 20, 2018, FINRA sent Rodriguez a request to produce documents and information in connection with its investigation into whether he converted customer accounts and falsified account documents. On September 26, 2018, Rodriguez indicated to FINRA staff that he received its request and would not produce the information and documents. Rodriguez violated FINRA Rules 2010 and 8210.
Rodriguez was associated with Wells Fargo Clearing Services LLC in Boca Raton, FL, as a stockbroker from July of 2003 to August of 2018.
