Can you lose money investing with PFS Investments Inc. broker Jose Quinones (CRD# 1310742)? He was registered with PFS Investments Inc. in Kissimmee, Florida, from 2014 to 2024, when he was terminated regarding, “The representative was under internal review for potential involvement with an undisclosed outside business activity, Next Level Holdings, at the time he terminated for failure to renew his securities registration. The representative denied involvement in Next Level Holdings.”
In June 2025, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA as a part of its investigation into the circumstances giving rise to an amended Form U5 filed by his member firm. The findings stated that the amended Form U5 disclosed that Quinones was under review for potential involvement in an undisclosed OBA at the time he was terminated for failing to renew his securities registration.”
Jose Quinones Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
November 2025. “Claimant alleges that in or around 2024, Quinones recommended an unsuitable, high risk, investment in a limited liability company and failed to discuss with Claimant a properly diversified portfolio. Claimant contends that as a result of the unsuitable recommendations, Claimant suffered substantial losses in her account.” The customer is seeking $500,000 in damages, and the case is currently pending.
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, PFS Investments Inc. may be liable for investment or other losses suffered by Jose Quinones’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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