Last Updated: December 2024 (Miami, FL)
Julian Soto Investigation Summary
Here’s What You Need to Know About Miami, FL Stockbroker Julian R. Soto:
- Name: Julian Rodrigo Soto
- Current Employer: Not currently registered
- Prior Employers:
- Jefferies LLC (2017–2024)
- Wells Fargo Clearing Services, LLC (2004–2017)
- Function: Stockbroker / Financial Advisor
- Aliases: Julian Soto
- Primary Location: Miami, FL
- CRD Number: 4813707
- Can Julian Soto Be Sued in FINRA Arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $4,000
If you’ve sustained damages from Mr. Soto, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Julian Soto as Your Stockbroker?
Julian Soto has faced customer disputes and employment termination related to his professional conduct. Key incidents include:
- Customer Dispute – Settled
- Date of Complaint: February 28, 2014
- Allegations: Customer claimed that transactions involving foreign debt products were inconsistent with the account’s objectives.
- Resolution: The matter was settled on July 22, 2014, for $4,000.
- Employment Termination
- Firm: Jefferies LLC
- Date: November 13, 2024
- Reason: Discharged for facilitating or failing to escalate impermissible money-wire transfers and engaging in off-channel business communications.
According to Bloomberg News Soto was fired, along with other members of his team at Jefferies: Marcelo Poliak, Pablo Gherardi and Guillermo Guerra. Bloomberg reports that the team was discharged after impermissible money-wire transfers were discovered as well as off channel communications that had been deleted. Wall Street firms have been fined heavily for use of off channel communications such as WhatsApp over recent years.
In addition broker Nicholas Coubrough CRD 4678755 was also fired by Jefferies for allegedly seeking improper payments from his colleagues in exchange for not disclosing their improper communication methods they engaged in as well as the fact they deleted off channel business communications.
Allegations of Broker Misconduct Against Julian Soto
Customers and regulatory filings have alleged the following misconduct against Julian Soto:
- Unsuitable Investment Recommendations: Allegations of advising foreign debt transactions that were not in line with the customer’s financial objectives.
- Improper Handling of Wire Transfers: Allegations of facilitating unauthorized money transfers and failing to follow escalation protocols.
- Off-Channel Communications: Engaging in non-compliant communications outside approved business channels.
These actions may involve potential violations of FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade), which mandates ethical conduct, and FINRA Rule 4511 (Recordkeeping), requiring accurate recordkeeping practices.
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Jefferies LLC brokers
If you have suffered investment losses in an account handled by Julian R. Soto, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.