JUAN CARLOS SOSA –  Permanently Barred by FINRA

JUAN CARLOS SOSA –  Permanently Barred by FINRA

FINRA barred Juan Carlos Sosa for engaging in conversion of funds from an elderly customers brokerage account.

CRD#: 4059846

Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.  

JUAN CARLOS SOSA (CRD#: 4059846), a formerly registered broker for INDEPENDENT FINANCIAL GROUP, LLC, in Studio City, CA, is barred from the securities industry. FINRA  findings allege that he converted over $331,000 from an elderly customer for his personal use. The findings stated Sosa opened a checking account, on behalf of his elderly customer. Sosa had authority over the account to write checks and conduct other transactions. Thereafter, Sosa transferred over $579,000 from customers brokerage account at his member firm to the checking account. Sosa used the customer’s checking account without permission to write over $220,000 in checks to himself, which he then deposited into his personal bank account, and over $111,000 in checks to American Express, which Sosa used to pay his personal credit card bill. By writing checks for personal use, drawn on the customer’s bank account without


Juan Carlos Sossa Barred by the FINRA for conversion of client funds.

Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to its clients.    

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors.  The  firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.

We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 3/27/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.

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