Erez Law is investigating claims regarding Florlena Cortez (CRD #4339441, El Paso, Texas), also known as Florlena Cortez Alva and Florlena Cortez Guerrero. Cortez recently submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. See FINRA Case #2012031460902. Cortez was registered with was registered with Chase Investment Services, Corp. in Brownsville, Texas, from May 2002 until her termination in January 2012.
Without admitting or denying FINRA’s findings, Cortez consented to the permanent bar and to the entry of findings that she participated in private securities transactions by soliciting customers to invest in securities that were outside the regular course and scope of her association with her member firm. FINRA also found that Cortez failed to provide prior written notice to the firm detailing the proposed transactions and her proposed role therein, including whether she had or would receive compensation related to the transactions.
Pursuant to FINRA Rules, Chase Investment Services was responsible for properly supervising Cortez’s activities during the time Cortez was registered with the firm. Therefore, Chase Investment Services may be liable for investment or other losses suffered by Cortez’s customers.
If you were a client of Cortez or Chase Investment Services Corp., and have suffered investment losses or financial irregularities, please contact Erez Law to explore your legal options. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 888-840-1571 or complete our “contact form.”