Fitapelli Kurta, is investigating claims against John J. Quintero. John J. Quintero is a broker currently registered with Transamerica Financial Advisors.
An investor complaint is pending against Transamerica Financial Advisors broker, John J. Quintero on allegations of unsuitable recommendations. According to John J. Quintero’s BrokerCheck Report, made accessible to investors for free by the Financial Industry Regulatory Authority (FINRA), the investor is claiming that John J. Quintero made unsuitable recommendations. According to the complaint, John J. Quintero recommended a securities based loan to the investor and then used the proceeds from that loan to invest the client in various unsuitable investments. The investor is seeking $818,000 and the complaint is currently awaiting arbitration with FINRA.
A second complaint, filed on behalf of another investor on January 21, 2014, alleges that John J. Quintero misrepresented premiums paid to the investor’s variable universal life insurance policies would be tax deferred and that the choice of sub-accounts within the policies were unsuitable.
John J. Quintero has worked as a registered broker for Transamerica Financial Advisors since 2002. Before that John J. Quintero worked for Metlife Securities and Metropolitan Life Insurance Policies for one year, from 2001 to 2002. John J. Quintero has also worked for American Express Financial Advisors, IDS Life Insurance Co., Raymond James Financial Services, Greater metropolitan Investment Services, which was expelled from FINRA in 2006, and Alliance Fund Distributors.
Transamerica Financial Advisors, Inc. has experienced trouble with the SEC and FINRA in the recent past. For example, in April 2014 Transamerica Financial Advisors was fined $553,624 by the SEC for failing to apply advisory fee discounts to certain retail clients in several of its advisory fee programs.
For a full list of Transamerica Financial Advisors FINRA violations and investor complaints, see their BrokerCheck Report.
If you or someone you know has lost money investing through Transamerica Financial Advisors, Metlife Securities, American Express Financial Advisors, IDS Life Insurance Co., Raymond James Financial Services, Alliance Fund Distributors, John J. Quintero, or any of their other brokers, you may be entitled to full compensation for your losses.
Based in New York City, the securities fraud law firm Fitapelli Kurta has extensive experience representing investors in FINRA arbitration cases. Our firm sues broker-dealer firms who have failed to properly supervise their brokers, or who have allowed their brokers to make unsuitable investment recommendations.
All of our cases are taken on a contingency fee basis which means we do not recover any money unless you win your case. Call now to speak directly to an attorney. We would love to further discuss the merits of your case and our consultations are always free. Time is of the essence in filing a claim to recover losses with FINRA, so do not wait. Call now for your free consultation.