Stoltmann Law Offices is investigating Francisco Javier Sumavielle, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Sumavielle was accused of borrowing a total of $130,000 from two of his customers when he was registered with Murex Capital LLC. FINRA rules prohibits a registered representative from borrowing money from or lending money to any customer of that registered representative. For this, he was fined $12,500 and suspended from the industry for seven months.
According to his online BrokerCheck report, Sumavielle was registered with Oppenheimer & Co., Chase Manhattan Capital, Refco Securities, Pali Capital, Avila Capital Markets and Murex Capital in New York, New York from September 2012 until October 2014. He is not licensed within the industry. If you suffered losses with Sumavielle, please call our securities law offices in Chicago. We may be able to help you bring a claim against his former firm, Murex Capital for financial losses.