Florelena Cortez Sanctioned by Regulators
Florelena Cortez was sanctioned by the securities regulators in connection with her alleged solicitation of four customers to invest in securities that were not approved by her employer.
Cortez was suspended from associating with any securities broker-dealer firm as a result of her alleged wrongdoing. She consented to the sanctions and did not deny or admit the regulators’ allegations against her.
Cortez was a registered with FINRA member firm Chase Investment Services Corp. from 2001 until 2012. Since leaving Chase she has not been associated with any other FINRA member.
She allegedly participated in private securities transactions by soliciting four customers to invest in securities that were outside the regular course and scope of her association with Chase. She allegedly failed to provide written notice to Chase which would describe in detail the proposed transactions and her proposed role in them such as receiving compensation from the transactions.
Cortez’ failure to obtain her employer’s permission to sell the investments violated the FINRA rules, the regulators charged. Cortez also refused to give testimony during the investigations, a further violation of FINRA rules as indicated in the records of the case. Once the suspension is complete she can again work in the securities industry.
The Peiffer Rosca investment fraud lawyers often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are investigating ways by which they can assist victims with recovery of their money. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.