According to FINRA, Iam Aguilar (CRD #7038228), a broker based in Fort Worth, Texas, was suspended from the securities industry on August 23, 2024, for failure to provide information or keep information current pursuant to FINRA Rule 9552(d).

FINRA Rule 9552(d) provides FINRA with the authority to suspend an individual's association with any member firm when that person fails to provide requested information or fails to keep required regulatory filings current. Unlike a bar, which is permanent, a suspension under Rule 9552(d) may be lifted if the individual comes into compliance with FINRA's requirements. However, during the suspension period, the individual is prohibited from conducting any securities business through a FINRA member firm. This action was taken in connection with FINRA Case #2023080122701.

FINRA relies on the cooperation of all registered persons to carry out its regulatory mission of protecting investors and ensuring market integrity. When brokers fail to provide requested information, FINRA's ability to investigate potential misconduct and oversee compliance is compromised. Suspensions under Rule 9552(d) are designed to compel compliance and ensure that FINRA can fulfill its oversight responsibilities.

For investors, a suspension means that Aguilar is currently prohibited from working in the securities industry. Investors who had accounts or transactions involving Aguilar should ensure their accounts have been properly reassigned to another qualified representative at their brokerage firm. Investors can verify the current status of any broker using FINRA's free BrokerCheck tool, which provides detailed information about licensing, employment history, regulatory actions, and customer complaints. Monitoring the regulatory status of financial professionals is a key step in protecting your investments.