Capital One Stockbroker Barred In Theft Inquiry
Arturo Diego Montenora (also known as Arty Montenora) of Jersey City New Jersey a stockbroker formerly registered with Capital One Investing LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Montenora failed to respond to inquiries made by the regulator following disclosures of customer disputes and employment terminations. Case No. 2017054326201 (Sept. 26, 2017).
According to FINRA Public Disclosure, Montenora had initially been suspended by FINRA on July 17, 2017 based on his failure to respond to the regulator. He was provided approximately three months from the date he was notified of the suspension to remedy the issue or otherwise seek termination of the suspension. Montenora neglected to satisfy FINRA’s requirements by the deadline.
FINRA Public Disclosure reveals that Montenora is identified in three customer initiated investment related disputes containing accusations of his violative conduct while employed with WM Financial Services Inc., Capital One Investing and IFMG Securities Inc. Specifically, Montenora is the subject of a customer initiated investment related complaint in which the customer requested more than $5,000.00 in damages supported by allegations of the stockbroker effecting unauthorized trades in the customer’s account.
Another customer filed an investment related complaint regarding Montenora’s conduct where the customer sought more than $5,000.00 in damages based upon accusations that Montenora placed the customer in a municipal bond fund which was not appropriate for the customer and which led the customer to experience unwarranted investment losses. Also, a customer initiated investment related complaint involving Montenora’s conduct was settled on March 15, 2019 to resolve allegations of misrepresentations pertaining to the risks of the customer’s mutual fund investments. FINRA Arbitration No. 18-03172 (Mar. 15, 2019).
Montenora was terminated by Capital One founded on accusations of a customer’s funds having been misappropriated by the stockbroker.