Tr?id=566623520170033&ev=PageView&noscript=1

Financial Advisor Accepts FINRA Bar Amidst Investigation into Alleged Misappropriation

Posted on November 25th, 2025 at 3:12 PM
Financial Advisor Accepts FINRA Bar Amidst Investigation into Alleged Misappropriation

From the desk of Jim Eccleston at Eccleston Law

A financial advisor affiliated with a credit union connected to Raymond James Financial agreed to an industry bar after declining to cooperate with FINRA’s investigation into allegations that he misappropriated client funds.

According to BrokerCheck, FINRA opened its inquiry into Jose A. Gamez after Raymond James discharged him in June based on claims that he “used client funds for personal reasons.” AdvisorHub reports that FINRA did not conclude as to those allegations. Gamez agreed to the bar without admitting or denying any findings, as reflected in the FINRA Acceptance, Waiver and Consent (“AWC”).

BrokerCheck shows that on October 1, Raymond James paid $413,000 to settle a customer claim seeking $1.8 million for losses tied to the alleged misappropriation. Gamez did not personally contribute to the settlement.

According to AdvisorHub, FINRA determined that Gamez violated Rule 8210, which requires associated persons to cooperate with investigations, and its catch-all Rule 2010, mandating high standards of commercial honor.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I have the best legal firm in the country to defend me. Awesome job!

Cindy C.

LATEST NEWS AND ARTICLES

1775574785 Law
April 7, 2026
SEC Charges Long Island RIA and Executives in $138 Million Private Fund Scheme

A Long Island-based registered investment adviser and two of its senior executives now face parallel civil and criminal proceedings tied to an alleged scheme involving conflicted private fund investments, as reported by InvestmentNews.

1775496481 Law
April 6, 2026
FINRA Arbitration Panel Orders Fidelity to Pay $1.3 Million Over Structured Product Disputes

A Financial Industry Regulatory (FINRA) arbitration panel has ordered Fidelity Brokerage Services to pay approximately $1.3 million to two groups of clients who alleged misconduct tied to structured product investments, according to ThinkAdvisor.

1775253477 Law
April 3, 2026
FINRA Enforcement Trends Show Higher Monetary Sanctions Despite Fewer Cases in 2025

The Financial Industry Regulatory Authority (FINRA) increased total monetary sanctions in 2025, even as the number of enforcement actions declined.