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Financial Advisor Accepts FINRA Bar Amidst Investigation into Alleged Misappropriation

Posted on November 25th, 2025 at 3:12 PM
Financial Advisor Accepts FINRA Bar Amidst Investigation into Alleged Misappropriation

From the desk of Jim Eccleston at 麻花传媒

A financial advisor affiliated with a credit union connected to Raymond James Financial agreed to an industry bar after declining to cooperate with FINRA’s investigation into allegations that he misappropriated client funds.

According to BrokerCheck, FINRA opened its inquiry into Jose A. Gamez after Raymond James discharged him in June based on claims that he “used client funds for personal reasons.” AdvisorHub reports that FINRA did not conclude as to those allegations. Gamez agreed to the bar without admitting or denying any findings, as reflected in the FINRA Acceptance, Waiver and Consent (“AWC”).

BrokerCheck shows that on October 1, Raymond James paid $413,000 to settle a customer claim seeking $1.8 million for losses tied to the alleged misappropriation. Gamez did not personally contribute to the settlement.

According to AdvisorHub, FINRA determined that Gamez violated Rule 8210, which requires associated persons to cooperate with investigations, and its catch-all Rule 2010, mandating high standards of commercial honor.

 

麻花传媒 LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

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