1.800.931.8452
We can help recover your investment loss. Free consultations, always. CONTACT US

Wolper Law Firm Is Investigating Claims Against Financial Advisor, Xavier Patino

The Wolper Law Firm is currently investigating claims against Xavier Patino, a Financial Advisor at Newbridge Securities in Oakbrook Terrace, Illinois.  Xavier Patino has been in the securities industry since the 2008 and previously worked at JP Morgan Securities.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in April 2017, Xavier Patino was discharged by JP Morgan Securities for the following conduct:

“REGISTERED REPRESENTATIVE ADMITTED TO SIGNING AN UNAPPROVED DOCUMENT, PREPARED BY A CUSTOMER, THAT GUARANTEED THE CUSTOMER WOULD NOT LOSE THEIR PRINCIPAL INVESTMENT AMOUNT, IN ORDER TO COMPLETE THE INVESTMENT SALE, IN VIOLATION OF FIRM POLICY.”

Inexplicably, after being discharged, Xavier Patino was hired by Newbridge Securities as a Financial Advisor.  In June 2018, FINRA sanctioned Xavier Patino for the following misconduct for signing a document guaranteeing to a customer that he/she would not lose money in a variable annuity he recommended.  FINRA concluded that Xavier Patino attempted to induce the client to make the transaction based upon a promise of positive performance.

https://www.finra.org/sites/default/files/fda_documents/2017054170501%20Xavier%20Patino%20CRD%205528139%20AWC%20jm.pdf

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives.  Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

If you or someone you know was a customer of Xavier Patino, and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (800) 931-8452
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

Atlanta

3355 Lenox Road
Suite 7
Atlanta, GA 30326

Indianapolis

13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016

Dallas

3102 Maple Ave.
Suite 400
Dallas, TX 75201

Irvine

2600 Michelson Drive
Suite 1700
Irvine, CA 92612

Portland

5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220

Denver

7900 E. Union Ave.
Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis