According to a FINRA Discplinary Action announcement, Reniero Castillo Francisco (CRD #1844351, Newport Coast, California) recently submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Francisco consented to the sanction and to the entry of findings that he failed to provide FINRA with requested information and documents and failed to appear for an on-the-record interview. The findings stated that Francisco’s failure to cooperate impeded FINRA’s investigation.
For the full findings, see FINRA Case #2012032452701.
According to Francisco’s FINRA Broker Report, he was employed by LPL Financial from July 2002 through November 2010. His Broker Report also indicates that he was the broker of record in two customer disputes, both of which include reference to an investment in Arista, LLC and allege that the investment was unsuitable. In addition to being barred by FINRA, Francisco has also been investigated by the US Commodity Futures Trading Commission (otherwise known as the CFTC).
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.
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