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Eloy Abad Fired from PFS Investments

Eloy Abad (CRD #: 6163276) was fired from his firm, according to his BrokerCheck record, accessed on August 13, 2022. Keep reading if you have questions about his conduct as a broker.

Discharge from PFS Investments

On June 23, 2022, Eloy Abad was fired from PFS Investments and the firm’s life insurance investment after allegedly submitting term life insurance applications with inaccurate and/or incomplete information.

FINRA Rule 2010

Filing out applications with inaccurate or incomplete information is a violation of FINRA Rule 2010. FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Bankruptcy

On September 30, 2020, Eloy Abad filed for bankruptcy, which is still pending. He has another bankruptcy on his record from 2014. 

Civil Lien 

He has a civil lien for $2,350 on his record, also from 2014. 

Background Information

Eloy Abad has passed the following exams:

  • Series 6 – Investment Company Products/Variable Contracts Representative Examination
  • SIE – Securities Industry Essentials Examination

He has only ever registered as a broker with PFS Investments (CRD#:10111).

Kurta Law Can Help

If you worked with Eloy Abad and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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