Barred Broker: Former Valic Financial Advisors, Inc. Broker Antonio Puente
Posted on Tuesday, April 21st, 2020 at 4:17 pm
Former Valic Financial Advisors, Inc. broker Antonio Puente (CRD# 2695224) is barred by FINRA for selling away. Puente was registered with Valic Financial Advisors, Inc. in Miami, Florida from 1999 to 2018, when he was terminated regarding, “Registration terminated following conclusion of investigation into undisclosed outside business activity.”
In January 2020, Puente was barred by FINRA after he consented to the sanction and to the entry of findings that he refused to provide on-the-record testimony requested by FINRA in connection with its investigation into whether he potentially violated FINRA rules by engaging in undisclosed outside business activities and/or private securities transactions while associated with a member firm.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Valic Financial Advisors, Inc. may be liable for investment or other losses suffered by Puente’s customers.
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