Ray Velasco – Broker Ray Velasco Suspended from Securities Industry | Recover Investment Losses

Ray Velasco – Broker Ray Velasco Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses

Ray Velasco a/k/a Raymond Alago Velasco CRD #4867519

Ray Velasco is a previously licensed broker with LPL Financial LLC. According to Ray Velasco’s BrokerCheck Report, Ray Velasco was fined $10,000 and was suspended from the securities industry for 2 years in March 2021.

According to FINRA Allegations:

In February 2017, Velasco submitted to LPL four termination letters that falsely represented that his customers were separated from their employment, inducing the firm holding the customers’ retirement accounts into waiving approximately $10,000 in surrender fees. By this conduct, Velasco violated FINRA Rule 2010. In December 2020, during FINRA’s investigation, Velasco also initially gave false on-the-record testimony regarding the termination letters. Therefore, Velasco also violated FINRA Rules 8210 and 2010.

Goodman & Nekvasil P.A. May Recover Investor Losses

If you lost money on investments with Ray Velasco and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Ray Velasco’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Ray Velasco and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.

Some of the information in this blog post was obtained on 4/5/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

Contact Us Today!

1 Step 1
FormCraft - WordPress form builder

Leave a Reply

Your email address will not be published. Required fields are marked *