The Financial Industry Regulatory Authority has barred a former Raymond James rep for failing to appear for testimony related to allegations that he used client funds for personal reasons.
According to FINRA's order, Jose A. Gamez first became registered with FINRA as a general securities representative in November 2000 through an association with USAA Investment Management. Through April 2017, Gamez had been registered with FINRA through associations with Chase, Capital One and LPL, according to BrokerCheck.
From April 2017 until July 2025, Gamez was registered with FINRA as a general securities principal and municipal fund securities principal through his association with Raymond James Financial Services in San Antonio.
In July, Raymond James filed a Form U5 to terminate Gamez’s registration through the firm. The Form U5 stated, in relevant part, that Gamez “used client funds for personal reasons.”
On Aug. 29, Gamez faced a client complaint for alleged misappropriation of funds totaling close to $1.9 million, according to a regulatory filing. He settled that case for $413,370.
Gamez failed to provide information and documents requested pursuant to FINRA Rule 8210 in connection with a FINRA investigation into whether Gamez used customer funds for personal reasons.
As a result, Gamez violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities, the order states.
Gamez accepted and consented to FINRA's findings without admitting or denying them.
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