American Portfolios Fires Stockbroker For Altering Documents

Joffre Salazar (also known as Jeff Salazar) a stockbroker formerly employed by American Portfolios Financial Services Inc. has been discharged from employment on September 27, 2019 founded on accusations of customer documentation being impermissibly altered by Salazar.

Salazar has been identified in two customer initiated investment related disputes pertaining to allegations of his misconduct. Financial Industry Regulatory Authority (FINRA) Public Disclosure indicates that a customer filed an investment related complaint pertaining to Salazar’s conduct in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that misrepresentations had been made to the IFMG customer concerning Salazar’s recommendations of a Pacific Life variable annuity.

On October 28, 2019, a customer initiated investment related complaint in reference to Salazar’s conduct was settled to resolve accusations that between May 31, 2019 and July 2, 2019, the customer’s signature was forged on account documents and that an investment account had been established without the customer’s knowledge.