Last Updated: August 2023 (Santiago, Chile)
Pedro R. Santa Maria Investigation Summary
Here’s what you need to know about Santiago, Chile stockbroker Pedro R. Santa Maria:
- Name: Mr. Pedro R. Santa Maria
- Current Employer: Insigneo Securities, LLC
- Previous Firms: Wachovia Securities, Prudential Securities Corporation
- Function: Stock Broker / Financial Advisor
- Aliases: Pedro Rodolfo Santamaria
- Primary Location: Santiago, Chile
- CRD #3174187
- Sanctioned by FINRA: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Pedro R. Santamaria As Your Stockbroker?
Pedro R. Santa Maria was sanctioned by FINRA in 2017. Santa Maria consented to the sanctions and the entry of findings that he engaged in undisclosed outside business activities by referring clients to an accounting firm and receiving compensation without notifying or receiving approval from his employing member firm. Santa Maria received referral fees from the firm of approximately $19,621.
Allegations of Broker Misconduct Against Pedro R. Santa Maria.
- FINRA alleged that Santa Maria violated FINRA Rule 3270 which states in relevant part, that, “[n]o registered person may be … compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.”
- FINRA alleged that Santa Maria violated FINRA Rule 2010 which requires that each FINRA member, “observe high standards of commercial honor and just and equitable principles of trade.”
Santa Maria was suspended by FINRA for 45 days and assessed a fine of $5,000.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Pedro R. Santa Maria, 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, securities fraud lawyer 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.
