Broker Investigation: Wilfred Rodriguez Jr.

Wilfred Rodriguez Jr. (CRD#: 2504369) is a previously registered broker and investment advisor. From 2003 to 2018, Mr. Rodriguez Jr. was employed at Wells Fargo Clearing Services LLC in Boca Raton, Florida.

On October 9th, 2018, FINRA barred Wilfred Rodriguez Jr. for his failure to produce documents, records, and testimony in connection with an investigation into allegations that he manipulated a client’s account to retain his special status at Wells Fargo.

Barred Broker: Wilfred Rodriguez Jr.

On August 1st, 2018, Wells Fargo terminated Wilfred Rodriguez Jr. for, among other things,  converting customer funds and concealing this action by falsifying account documents with inflated account values.

The termination notice received by FINRA suggests that Mr. Rodriguez Jr. was attempting to improperly retain his status as an international financial advisor. FINRA quickly launched its own investigation into these allegations.

Registered representatives must provide information and records to FINRA when asked. Under FINRA Rule 8210, registered representatives have a duty to cooperate with FINRA investigations. As Mr. Rodriguez Jr. failed to do so, he has now been barred from the industry. Without admitting or denying misconduct, former Wells Fargo broker Wilfred Rodriguez Jr. consented to the sanctions.

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