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.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.