Hector Negrete Fired from Transamerica Financial Advisors
Hector Negrete (CRD #: 4718683), a broker formerly registered with Transamerica Financial Advisors, was recently fired from that firm, according to his BrokerCheck record, accessed on May 8, 2023. Keep reading to learn more about his alleged conduct as a broker.
Termination from Transamerica Financial Advisors
On April 20, 2023, Hector Negrete was fired from Transamerica Financial Advisors after the California Department of Insurance revoked his life insurance license, alleging a failure to disclose criminal charges.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
California Regulatory Action
On September 21, 2021, the California Department of Insurance alleged that Hector Negrete failed to disclose criminal charges, falsely answered a license renewal question, and failed to respond to the Department’s request for information.
The Department revoked Hector Negrete’s insurance license.
On April 25, 2019, two criminal charges were entered against Hector Negrete. He was convicted of a misdemeanor charge and the other was dismissed.
Hector Negrete has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
He previously worked for Transamerica Financial Advisors (CRD#:16164) and World Group Securities (CRD#:114473).
Kurta Law Can Help
If you worked with Hector Negrete and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.