Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Austin Broker James Gallego Barred by FINRA

Former CUSO Financial Services broker James Gallego (CRD# 6226068) has been sanctioned by the Financial Industry Regulatory Authority in connection to allegations he refused to cooperate with an investigation into his “potential involvement” in the movement of a customer’s funds. Formerly associated with the firm’s branch office in Austin, Texas, he was barred from associating with FINRA broker-dealer firms.

According to a Letter of Acceptance, Waiver, and Consent (No. 2019062736301) dated March 2020, James Gallego was associated with CUSO Financial Services as a General Securities Representative from April 2015 until March 2020. That same year, FINRA initiated an investigation into his “potential involvement in the movement of funds belonging to a senior customer at the Firm.” In connection with this investigation, FINRA sent him a request on March 13, 2020 to provide documents and information connected to the matter, with his response due by April 3, 2020. On March 20, 2020, Gallego indicated via an email from counsel that he had received the request from FINRA for documents and information, but that he would not produce them “at any time.” FINRA states that his refusal to produce the documents and information constituted a violation of FINRA Rule 8210, which empowers FINRA to require associated persons to provide documents and information and forbids associated persons from failing to provide such, and FINRA Rule 2010, which requires associated persons to observe high standards of commercial honor and just and equitable principles of trade. As a result of the foregoing alleged conduct, Gallego was barred from acting as a broker.

James Gallego is currently not registered as a broker. His previous registrations include CUSO Financial Services in Austin, Texas. He has passed three securities industry qualifying examinations and his BrokerCheck report lists zero state securities licenses. (Information current as of May 28, 2020.)

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • FINRA Bars Oskkosh Advisor Tony Liddle: GWG L Bond Allegations

    The Financial Industry Regulatory Authority recently barred ex-Landolt Securities advisor Tony Liddle (CRD# 5478479). FINRA records show that the former...

    Read More
  • G.A Repple Advisor Paul Witthauer: GWG L-Bond Complaints

    A recent investor complaint disclosed on Jamestown, North Dakota financial advisor Paul Witthauer’s (CRD# 1672263) BrokerCheck report concerns allegations regarding...

    Read More
  • Thomas Schultz: GWG Complaint Against Lyfe Advisors Broker

    Scottsdale financial advisor Thomas Schultz (CRD# 5614228) has received investor complaints alleging his investment recommendations resulted in losses. Financial Industry...

    Read More
  • Keystone Retirement’s Ron Paull: Archbald Advisor Has REIT Complaint

    Archbald, Pennsylvania financial advisor Ron Paull (CRD# 2968273) has received an investor complaint alleging he made unsuitable investment recommendations. Financial...

    Read More
  • Previous
  • Next