{"id":2581,"date":"2017-02-17T00:00:00","date_gmt":"2017-02-17T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/finra-fines-suspends-robert-estevez\/"},"modified":"2018-10-08T12:37:26","modified_gmt":"2018-10-08T16:37:26","slug":"finra-fines-suspends-robert-estevez","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-fines-suspends-robert-estevez\/","title":{"rendered":"FINRA Fines and Suspends Robert Estevez"},"content":{"rendered":"<\/p>\n

\"FINRA<\/p>\n

The broker\u2019s unsuitable recommendations caused clients to lose money<\/h2>\n

In September of 2016, broker Robert Estevez received a fine and suspension from the Financial Industry Regulatory Authority (FINRA). The penalties were the result of an investigation by the agency that discovered Estevez made unsuitable recommendations to his clients.<\/p>\n

According to FINRA, Estevez recommended short-term steepeners. Steepeners are structured products with returns reliant on the spread between long- and short-term interest rates. Estevez made the recommendations as part of a short-term investment strategy, and many clients ended up buying steepeners at full price and then selling them for a loss. Overall, Estevez\u2019s customers lost a total of about $24,000.<\/p>\n

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

The broker\u2019s unsuitable recommendations caused clients to lose money In September of 2016, broker Robert Estevez received a fine and suspension from the Financial Industry Regulatory Authority (FINRA). The penalties were the result of an investigation by the agency that discovered Estevez made unsuitable recommendations to his clients. According to FINRA, Estevez recommended short-term steepeners. 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