{"id":2516,"date":"2017-05-01T00:00:00","date_gmt":"2017-05-01T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/texas-based-broker-patrick-perales-permanently-barred-finra\/"},"modified":"2018-10-08T12:36:57","modified_gmt":"2018-10-08T16:36:57","slug":"texas-based-broker-patrick-perales-permanently-barred-finra","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/texas-based-broker-patrick-perales-permanently-barred-finra\/","title":{"rendered":"Texas-based Broker Patrick Perales Permanently Barred by FINRA"},"content":{"rendered":"

\"Texas-based<\/h2>\n

Broker failed to respond to agency following discharge from Wells Fargo Advisors, LLC after allegations related to his status as Power of Attorney for a client<\/h2>\n<\/p>\n

In August 2016, the Financial Regulatory Authority (FINRA) permanently barred<\/span><\/a> former Wells Fargo Advisors, LLC broker Patrick Perales from participating as a broker or otherwise associating with firms that sell securities to the public. The regulatory action is a result of Perales\u2019 failure to respond to FINRA\u2019s requests for documents and information related to an investigation surrounding why his then employer, Wells Fargo Advisors, LLC discharged him earlier in 2016.<\/p>\n

According to his FINRA BrokerCheck report, Wells Fargo Advisors terminated Perales\u2019 employment in January 2016 \u201cfor reasons unrelated to the business of Wells Fargo Advisors, LLC. Banker acted as a paid POA (Power of Attorney) for a bank client without disclosing and obtaining approval to serve as POA for a client.\u201d While the bank client admitted giving Perales Power of Attorney over his account and paying Perales to assist him with his business needs, the client also alleged that money was missing from his account. A violation of this trust could represent Power of Attorney fraud<\/span><\/a>.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Broker failed to respond to agency following discharge from Wells Fargo Advisors, LLC after allegations related to his status as Power of Attorney for a client In August 2016, the Financial Regulatory Authority (FINRA) permanently barred former Wells Fargo Advisors, LLC broker Patrick Perales from participating as a broker or otherwise associating with firms that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[579],"tags":[9],"class_list":["post-2516","post","type-post","status-publish","format-standard","hentry","category-broker-permanently-barred","tag-finra"],"yoast_head":"\nTexas-based Broker Patrick Perales Permanently Barred by FINRA — Securities Arbitration Lawyers Blog — May 1, 2017<\/title>\n<meta name=\"description\" content=\"Check out the new article Texas-based Broker Patrick Perales Permanently Barred by FINRA on 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