Stoltmann Law Offices is interested in speaking to those individuals who may have suffered losses with Aldo Nestor Marchena and his former firm, Northeast Securities. According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) into which he entered, Marchena was alleged to have engaged in outside business activity while associated with Northeast, which is against securities rules and regulations. Between January 2011 and December 2013, Marchena formed ABC, a Florida limited liability company offering business consulting services. Marchena allegedly registered ABC’s domain name but used his Northeast office address as the official registered address of ABC. Marchena identified as Managing Director, Partner and legal representative of ABC in agreements with ABC customers during the time period. This included his engagement in outside business activities while he was still registered with Northeast. For this, he was fined $5,000 and suspended from the industry for five months.
According to his FINRA online BrokerCheck report, Marchena was registered with Painewebber Inc. in Weehawken, New Jersey from April 1999 until September 2000, Prudential Securities in New York, New York from August 2000 until July 2003, Wachovia Securities in Boca Raton, Florida from July 2003 until October 2008, Kovack Securities in Boca Raton from October 2008 until October 2010 and Northeast Securities in Boca Raton from October 2010 until April 2014. He is not currently registered with any member firm and he has two customer disputes against him. Please call 312-332-4200 today to speak to an attorney about how you might be able to recover your losses with Northeast Securities and Aldo Nestor Marchena.