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FINRA Department of Enforcement v. Rodolfo Alvarez

Letter of Acceptance, Waiver and Consent, No. 2011026804401, August 17, 2012, Los Angeles, California

After FINRA opened an investigation into Mr. Alvarez’s alleged borrowing and/or misusing of client funds, he failed to respond to the FINRA staff’s letters requesting information or an on-the-record interview.  Mr. Alvarez responded to a later communication regarding another on-the-record hearing by email.  However, he stated that he no longer resided in the United States and did not plan on returning to provide testimony.  Mr. Alvarez agreed to a letter of acceptance, waiver, and consent, barring him from associating with any FINRA member as a result of his violations of FINRA Rules 8210 and 2010.