FINRA Bars Bastardo In Stockbroker Theft Investigation
Roberto Omar Bastardo of Jupiter Florida a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Bastardo failed to respond to a FINRA inquiry which may have concerned Bastardo’s discharge from Wells Fargo Advisors LLC. FINRA Case No. 2016051643001 (Feb. 21, 2017).
FINRA Public Disclosure confirms that on September 16, 2016, Bastardo was discharged from Wells Fargo Advisors LLC founded on allegations that Bastardo misappropriated $185,472.74 from a customer of the firm’s banking division.
FINRA suspended Bastardo on December 9, 2016 for failing to respond to its request for Bastardo’s information. FINRA evidently provided Bastardo three months to provide the information that was requested of him. During this time, Bastardo was reportedly warned that his continued non-compliance with FINRA’s requests would result in Bastardo being automatically barred from the securities industry. Bastardo evidently failed to cooperate by the deadline imposed so he was barred on February 21, 2017.