In a recent disciplinary action announcement, FINRA announced that Henry Xavier Carrillo (CRD #2871341, Woodridge, Illinois) 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, Carrillo consented to the sanction and to the entry of findings that he failed to cooperate with a FINRA investigation by failing to appear for testimony and failing to fully respond to requests seeking information and documents. The findings stated that Carrillo advised FINRA that he did not intend to cooperate further. Carrillo’s member firm began an internal investigation of Carrillo after receiving an anonymous tip relating to him and his wife receiving payments directly from certain of his brokerage customers. Carrillo resigned from the firm before the firm was able to conclude its investigation. In Carrillo’s Form U5, the firm disclosed its review of these payments. FINRA commenced an investigation thereafter.
For the full FINRA findings, see FINRA case #2013038329901.
According to his FINRA Broker Report, Carillo was employed by Cambridge Investment Research from August 2013 through December 2013 and LPL Financial from January 2007 through September 2013.
The foregoing information, which is all provided on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
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