Alwin F. Martinez Gonzalez (CRD #4890434) Has Customer Dispute and Employment Separation Disclosures on FINRA BrokerCheck

Alwin F. Martinez Gonzalez (CRD #4890434) is currently registered with LPL Financial LLC and has a customer dispute and employment separation disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 15, 2026. It reflects one customer dispute and one termination disclosure. If you invested with Alwin Gonzalez and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Alwin Gonzalez’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the disclosure is below:

On February 6, 2026, Investment Planners Inc. discharged Alwin Gonzalez. Alwin Gonzalez’s FINRA BrokerCheck Report says the matter involved a client complaint about unauthorized trading in $10,000 of Prospect Capital preferred shares. The disclosure says the client stated she told the advisor after an October 2024 meeting not to place the trade and said that was confirmed by text message. The firm statement says he failed to forward a written customer complaint through the proper channels in a timely manner.

Investor Disputes / Customer Complaints

Alwin Gonzalez’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On January 15, 2026, a customer alleged Alwin Gonzalez engaged in unauthorized trading involving $10,000 of Prospect Capital preferred shares. Alwin Gonzalez’s FINRA BrokerCheck Report lists the product as equity listed common and preferred stock. The customer sought $10,000 in damages. The matter was marked settled on January 16, 2026, with a settlement amount of $0 and no individual contribution. The firm statement says the complaint was sent to the chief compliance officer, the trade was busted to make the client whole, and the written complaint led to an internal review.

Rule Summary #1: FINRA Rule 3260 (Discretionary Accounts)

FINRA Rule 3260 says a broker cannot exercise discretionary power in a customer account without prior written authorization. Claims about unauthorized trading often raise questions about whether the trade was approved and whether the firm reviewed the account properly.

Rule Summary #2: FINRA Rule 4513 (Records of Written Customer Complaints)

FINRA Rule 4513 requires firms to keep records of written customer complaints. When a disclosure says a written complaint was not routed through the proper channels in time, that can raise recordkeeping and supervisory concerns.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

2. Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

3. Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

4. Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Alwin Gonzalez:

Is currently registered with LPL Financial LLC.

Has passed the Securities Industry Essentials (SIE) exam. Alwin Gonzalez has passed Series 7TO and Series 6. He has also passed Series 66 and Series 63.

Was previously registered with firms that include Investment Planners, Inc., IPI Wealth Management, Inc., Park Avenue Securities LLC, NYLife Securities LLC, MML Investors Services, LLC, and AXA Advisors, LLC.

Kurta Law Can Help

If you have worked with Alwin Gonzalez and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. You can read more about potential claims and investor protections on Kurta Law’s website. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful Resources: Unauthorized Trading | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. The firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.