Ex-Wells Fargo Investment Advisor Wilfred Rodriguez Jr. Barred by FINRA for Moving Funds

investment-advisor-wilfred-rodriguez-jr-barred-finraWilfred Rodriguez Jr. (CRD# 2504369) is a previously registered broker and investment advisor.

From 2003 to 2018, Mr. Rodriguez was a representative of Wells Fargo Clearing Services, based in Boca Raton, Florida.

FINRA barred Mr. Rodriguez from the industry after he failed to provide requested information during a FINRA investigation.

Mr. Rodriguez was terminated by Wells Fargo in August 2018 following allegations that he “moved funds between a customer’s related accounts.

He did this in order to place authorized bond orders for the purposes of generated qualifying revenue. This made him able to retain his international financial advisor status” (Letter of Acceptance, Waiver and Consent No. 2018059379401).

During the course of a FINRA investigation, the regulator requested documents from Mr. Rodriguez under FINRA Rule 8210 in connection with Mr. Rodriguez’s alleged falsification and inflation of certain customers’ account values to conceal his conduct.

Mr. Rodriguez chose not to produce the information requested, and as a result, FINRA barred him from acting in any capacity with any FINRA member.

Mr. Rodriguez had one prior customer dispute filed against him in 2000, but it was denied.

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