Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jorge Sonville (Sonville), previously associated with Savile Capital Markets LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Sonville recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on June 07, 2022.
Without admitting or denying the findings, Sonville consented to the sanctions and to the entry of findings that he loaned money to a customer without disclosing it to his member firm or seeking the firm’s written approval. The findings stated that Sonville loaned $65,000 to a firm customer to assist the customer in paying personal expenses. At the time of the loan, the firm’s procedures prohibited representatives from loaning money to customers. In addition, Sonville completed and submitted to the firm a compliance questionnaire in which he falsely stated that he had not loaned money to any customers.