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Jesus Alvidrez Barred from FINRA

Jun 10, 2022 Outside Business Activities

Jesus Alvidrez (CRD #: 6414709) has been barred from FINRA, according to his BrokerCheck record, accessed on June 2, 2022. Read on to learn more about Jesus Alvidrez’s conduct as a broker.

Bar from FINRA

On May 17, 2022, Jesus Alvidrez consented to the entry of findings that he refused to respond to FINRA requests for documents and information as part of an investigation.

According to a Letter of Acceptance, Waiver & Consent (AWC), FINRA began an investigation into a Uniform Termination Notice for Securities Industry Registration (Form U5) filed by Transamerica Financial Advisors on August 14, 2020.

The AWC alleges that this Form U5 states that Jesus Alvidrez resigned from the firm while under investigation for potentially engaging in outside business activities as well as other undisclosed reasons.

FINRA Rules 8210 and 2010

FINRA Rule 8210 requires members to promptly respond to FINRA requests for documents, information, and testimony in connection with FINRA investigations.

Failure to provide information also violates FINRA Rule 2010, which holds brokers to high standards of professional honor.

Sanctions

Jesus Alvidrez consented to an indefinite bar from associating with FINRA members in all capacities. The bar began May 17, 2022.

You can read the full AWC filing here.

Resignation from Transamerica Financial Advisors

On August 14, 2020, Jesus Alvidrez was permitted to resign from Transamerica Financial Advisors following allegations that he was engaging in unauthorized outside business activity. An investigation by the firm allegedly found that he was using an unapproved sales presentation and had displayed unauthorized signage at an office location not approved by the firm.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to disclose to their firm any activities they may be compensated for outside of their role as a broker.

Outside Business Activities 

Jesus Alvidrez has the following OBAs listed on his detailed BrokerCheck record:

  • Sales of insurance products for companies affiliated with Transamerica Financial Advisors 
  • Spartan Leadership Development (Investment related) 

If Jesus Alvidrez solicited you for business with any of his OBAs, contact one of our securities attorneys for a free case evaluation today: info@kurtalawfirm.com or (877) 600-0098. 

Tax Liens

In 2018, Jesus Alvidrez faced a total of $82,112.02 in tax liens.

Background Information

Jesus Alvidrez 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).

Kurta Law Can Help

If you worked with Jesus Alvidrez 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.