Securities Arbitration Lawyers BlogMiami-based Broker Fernando de la Lama Merino Under Investigation
Silver Law Group is investigating former Miami, Florida EFG Capital International (CRD# 40118) broker Fernando de la Lama Merino (CRD# 2257749) after FINRA permanently barred him.
According to Merino’s FINRA BrokerCheck report, FINRA initiated a regulatory action against Merino in October 2016. The action states, according to Merino’s BrokerCheck report, that Merino was named a respondent in a FINRA complaint alleging that he failed to provide any response to requests for documents and information related to a FINRA investigation into his potential misconduct involving the sales of illiquid structured notes and bonds referred by a foreign individual while he was associated with a FINRA member firm.
Structured notes have been subject to investor alerts and bulletins by both the SEC and FINRA.
FINRA sometimes makes requests for information when is investigating a matter or checking up on the status of a broker or brokerage firm’s compliance with a FINRA directive. FINRA’s authority to make requests of its brokers and brokerage firms comes from FINRA Rule 8210. If a broker fails to comply with the request, frequently the broker is permanently barred such as in the case of Underhill.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to unauthorized trading. We work on a contingency fee basis, meaning you pay us nothing unless we win and recover money for you.
If you have invested with Fernando de Lama Merino and EFG Capital International and have lost money doing so, you may be able to recover some or all of your losses. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.