Tony Puente (CRD#: 2695224), a former registered representative with Valic Financial Advisors, Inc. (CRD#: 42803), has been barred from the securities industry by FINRA, the Financial Industry Regulatory Authority, according to his BrokerCheck record accessed on February 20, 2020.
What happened to lead to Tony Puente’s permanent bar from the securities industry? As part of its investigation into whether Tony Puente engaged in undisclosed outside business activities and/or private securities transactions without the knowledge of his member firm, FINRA asked Tony Puente for on-the-record testimony. Tony Puente refused to provide any information, and, as a result, FINRA barred him from the securities industry on January 29, 2020. Tony Puente entered into an Acceptance, Waiver, and Consent agreement in which he consented to this sanction and to FINRA’s findings. A copy of Tony Puente’s AWC can be viewed here.
Tony Puente’s bar from the securities industry comes after he was terminated from Valic Financial Advisors, Inc. on August 21, 2018. He was terminated after a firm investigation revealed that he engaged in an undisclosed outside business activity. FINRA rules mandate that brokers disclose all other business ventures, forms of employment, or volunteer activities that they do outside of work. Valic Financial alleged that Tony Puente engaged in outside business activities. However, the Detailed Report of Tony Puente’s BrokerCheck record does not list any outside business activities.
Over his 22 years of experience in the securities industry, Tony Puente has worked for two brokerage firms. In addition to Valic Financial Advisors, Inc. (CRD#: 42803) in Miami, Florida, Tony Puente has also worked for The Variable Annuity Marketing Company (CRD#: 5081) in Houston, Texas. He has passed the SIE – Securities Industry Essentials Examination, Series 6 – Investment Company Products/Variable Contracts Representative Examination, and the Series 26 – Investment Company Products/Variable Contracts Principal Examination.
If Tony Puente was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn about your options for recovery. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.