Robert Frederico Montes (CRD# 835488) has been barred by the Financial Industry Regulatory Authority (FINRA) for failing to cooperate with regulators in an investigation over alleged misuse of elderly customer assets.
Montes, who is no longer registered as a securities broker, was employed by Wells Fargo Advisors, LLC in Clearwater, Florida from July 2003 to February 2014, and Morgan Stanley from February 2014 to July 2019.
Although Montes had left Wells Fargo in 2014, FINRA opened an investigation into his conduct while he was registered with Wells Fargo in 2019. FINRA’s BrokerCheck database shows regulators had received a tip claiming Montes may have misused an elderly customer’s assets.
As part of the inquiry, FINRA regulators asked Montes for documents. Montes failed to cooperate and did not provide information or documentation as requested. The decision led to his acceptance of FINRA’s findings that he refused to provide requested information related to the investigation, and resulted in his permanent bar from the financial industry on 7/24/2019.
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