Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rene Bolivar (Bolivar), previously associated with First Allied Securities, INC., has at least one disclosable event. These events include one regulatory event, alleging that Bolivar recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on April 12, 2023.
Without admitting or denying the findings, Bolivar consented to the sanction and to the entry of findings that he refused to produce documents and information and failed to appear for on-the-record testimony requested by FINRA in connection with an investigation into a disclosure made in his former member firm’s amended Form U5 that disclosed a civil lawsuit filed against the firm and Bolivar by the relative of a former customer.