TONY NAVARRO Terminated After INDEPENDENT FINANCIAL GROUP, LLC Allegations – Goodman & Nekvasil, P.A., May Recover Investor Losses
TONY NAVARRO Terminated After INDEPENDENT FINANCIAL GROUP, LLC Allegations.
Jose Antonio Navarro
JOSE A NAVARRO, JOSE ANTONIO NAVARRO, TONY NAVARRO
CRD#: 2250454
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your broker.
Jose Antonio Navarro (CRD#: 2250454), a former broker for INDEPENDENT FINANCIAL GROUP, LLC in Los Angeles, CA, was terminated by his former employer. According to INDEPENDENT FINANCIAL GROUP, LLC, Representative violated FINRA Rule 3280 by purchasing a non-approved private promissory note for himself and referring the note to clients without firm approval. Representative only referred clients to Newton and did not purchase them for the clients.
FINRA Suspends Navarro
According to FINRA, Between May 2017 and March 2020, Navarro participated in private securities transactions without prior written notice to his firms. Navarro facilitated the investment of $87,500 by five firm customers, in violation of FINRA Rules 3280 and 2010.
Respondent consents to the imposition of the following sanctions:
A twelve-month suspension from associating with any FINRA member in all capacities and a $20,000 fine.
TONY NAVARRO Terminated After INDEPENDENT FINANCIAL GROUP, LLC Allegations.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their 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 $500 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 5/19/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.