Published on:

Paul Bustamante Was Sanctioned and Suspended From Associating With any FINRA Member

Paul Bustamante

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on March 20, 2018 indicate that former New York-based Empire Asset Management Company broker Paul Bustamante has been sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Bustamante (CRD# 4175542).

Paul Bustamante has spent seventeen years in the securities industry and was most recently registered with Empire Asset Management Company in New York, New York (2016-2017). Previous registrations include Bishop Rosen & Company in New York, New York (2006-2016) and McLaughlin Piven Vogel Securities in New York, New York (2000-2006). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 19, 2000; Series 7 (General Securities Representative Examination), which he obtained on June 18, 2001; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 5, 2000. He is currently not registered with any state or firm.

According to his BrokerCheck report, Paul Bustamante has received one FINRA sanction and four unsatisfied tax liens, and he was discharged from his former employer in connection to alleged rule violations.

In February 2018 FINRA sanctioned Paul Bustamante in connection to allegations he failed to respond to a FINRA request for information. He was consequently suspended from associating with any FINRA member in any capacity.

In December 2017 Paul Bustamante was terminated from his position at Empire Asset Management Company in connection to allegations he violated firm procedures and FINRA Rule 3240 when he borrowed $20,000 from a customer.

In 2014 the Internal Revenue Service filed a tax lien totaling $5,038.16 against him. The lien remains outstanding.

In 2013 the IRS filed a tax lien totaling $16,938.15 against him. The lien remains outstanding.

In 2010 the IRS filed a tax lien totaling $16,973.81 against him. The lien remains outstanding.

In 2010 the IRS filed a tax lien totaling $57,356.79 against him. The lien remains outstanding.

If you or someone you know has complaints regarding Paul Bustamante, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.