Nahuel Rodriguez—Customer Fund Conversion and Willful Misrepresentation of Material Facts

Nahuel Rodriguez Allegedly Converted Customer Funds and Willfully Misrepresented material Facts

Nahuel Rodriguez allegedly converted customer funds and willfully misrepresented material facts, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Joe Peiffer and Alan Rosca.

Nahuel Rodriguez allegedly may have engaged in wrongful conduct while he was associated with his former firm, PFS Investments, Inc., which disclosed that it had received a customer complaint that Rodriguez had allegedly wrongfully taken funds from their securities account, the Complaint notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Nahuel Rodriguez’s alleged conversion of customer funds and willful misrepresentation of material facts.

Nahuel Rodriguez Barred by FINRA

Nahuel Rodriguez, who was discharged by PFS in May of 2013 because it had obtained information that Rodriguez had ”created a fictitious security in order to obtain funds from at least two individuals,” according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Joe Peiffer and Alan Rosca.

In addition, FINRA’s Department of Enforcement also came to the conclusion that Rodriguez allegedly obtained the funds through fraudulent misrepresentations before it initiated disciplinary proceedings against Rodriguez, the Complaint reports.

As a result of the aforementioned behavior, Rodriguez allegedly violated FINRA Rules, and hence, has been barred by FINRA. One should also note that, according to the Complaint, Rodriguez neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of customer fund conversion. They are currently investigating Nahuel Rodriguez’s alleged customer fund conversion. 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 Rodriguez’s alleged customer fund conversion may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1247 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.