CARLOS FRANCISCO OTALVARO

06/24/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. CARLOS FRANCISCO OTALVARO (CRD No. 2294420), Respondent. Disciplinary Proceeding No. 2008011725901 Hearing Officer-LBB HEARING PANEL DECISION Date June 24, 2011 Respondent Carlos Francisco Otalvaro is suspended from associating with any FINRA member firm in any capacity for one year, barred from acting as a principal for any FINRA member firm, and fined $15,000 for willfully failing to disclose

Reference 2008011725901data-portal.finra.orgfinra.org

11/30/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, vs. CARLOS FRANCISCO OTALVARO (CRD No. 2294420), Respondent. DISCIPLINARY PROCEEDING No. 2010024837301 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. Carlos Francisco Otalvaro misused the funds of two customers, in violation of FINRA Rules 2150(a) and 2010. 2. Otalvaro also failed to provide certain documents requested by FINRA staff, in violation of FINRA Rules 2150 (a) and 2010.

03/21/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. CARLOS FRANCISCO OTALVARO (CRD No. 2294420), Respondent. Disciplinary Proceeding No. 2010024837301 Hearing Officer - RLP HEARING PANEL DECISION March 21, 2013 Respondent is barred from associating with any FINRA member firm in any capacity for misusing customers' funds, in violation of FINRA Rules 2150(a) and 2010 and for failing to provide documents in response to staff requests, in violation of

Reference 2010024837301data-portal.finra.orgdata-portal.finra.orgfinra.org