Victor Manuel Olivo Jr. (CRD # 2159064, Registered Representative, Paramus, New Jersey) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Olivo engaged in trading on customers’ behalf in his member firm’s suspense account without his member firm’s authorization. The findings stated that Olivo did not record these transactions, leaving his firm unaware of them and causing the firm to experience significant losses. The findings stated that Olivo failed to appear for FINRA on-the-record interviews.

We take cases on a purely contingency fee basis against brokerage firms who employ brokers committing misconduct of this nature.  Please contact us for a free evaluation.