Rene Bolivar, Formerly with First Allied Securities, Barred from Securities Industry

SALINAS, CALIFORNIA

Did you invest with stockbroker Rene Bolivar in Salinas, California? Our securities arbitration firm is reviewing claims made against Rene Bolivar.  FINRA’s Disciplinary Database reveals that in April 2023, he was barred from the securities industry by FINRA, because he failed to respond to an investigation.

FINRA began its investigation when a customer filed a civil complaint against Rene Bolivar.  The complaint alleged that he was improperly named as a beneficiary of a deceased client’s trust.

According to BrokerCheck, Bolivar had been with First Allied Securities from 2007 to June 2021.  He worked in Salinas, California.

As a licensed stockbroker, Mr. Bolivar was obliged to follow FINRA Rule 8210, which mandates that brokers cooperate in FINRA’s investigations.  Likewise, First Allied Securities must adequately monitor the conduct of its financial advisors.  If it failed to adequately supervise Bolivar or any other advisors, the firm could be responsible for financial losses.

Israels & Neuman is an investment fraud and securities arbitration law firm that has recovered millions of dollars for investors in the past, including in cases against First Allied Securities.  We represent investors throughout the country, including in California.

View Bolivar, r FINRA AWC

View Bolivar, r BrokerCheck 4.18.23

If you lost money with Rene Bolivar or First Allied Securities, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.