{"id":3017,"date":"2015-06-02T00:00:00","date_gmt":"2015-06-02T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension\/"},"modified":"2015-06-02T00:00:00","modified_gmt":"2015-06-02T04:00:00","slug":"pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension\/","title":{"rendered":"Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension"},"content":{"rendered":"<\/p>\n<p><a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Pedro-Molina\u2019s-Securities-Industry-Career-Ends-With-FINRA-Permanent-Suspension.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2014\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Pedro-Molina\u2019s-Securities-Industry-Career-Ends-With-FINRA-Permanent-Suspension-1024x768.jpg\" alt=\"Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension on silverlaw.com\" width=\"1024\" height=\"768\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Pedro-Molina\u2019s-Securities-Industry-Career-Ends-With-FINRA-Permanent-Suspension-1024x768.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Pedro-Molina\u2019s-Securities-Industry-Career-Ends-With-FINRA-Permanent-Suspension-300x225.jpg 300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<h2>Amid claims of unsuitable investment advice, Molina does not respond to requests for information<\/h2>\n<p>After not responding to a FINRA request for information, broker Pedro Molina is permanently suspended from the securities industry. According to the <a href=\"https:\/\/brokercheck.finra.org\/\"  target=\"_blank\">FINRA BrokerCheck website<\/a>, Molina failed to request termination of his suspension from FINRA within three months of the date of his notice of suspension. Therefore, he is permanently barred from association with any FINRA member in any capacity.<\/p>\n<p>While it might seem unusual for a broker not to respond to a FINRA request and allow a permanent suspension to occur, surprisingly, it is not uncommon. In the case of Pedro Molina, it follows a career during which customers\u2019 alleged mismanagement of their investment funds and lack of production of documentation. In fact, in three of the customer complaints against him, customers alleged he gave misleading investment advice and made unsuitable investments in risky Puerto Rican funds. The combined alleged damages equal over $1.2 million dollars. In addition, Molina was \u201cpermitted to resign\u201d from Kovack Securities, Inc. in February 2014 after admitting to having borrowed money from clients while with a previous employer.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension\/\"  title=\"Continue Reading Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid claims of unsuitable investment advice, Molina does not respond to requests for information After not responding to a FINRA request for information, broker Pedro Molina is permanently suspended from the securities industry. According to the FINRA BrokerCheck website, Molina failed to request termination of his suspension from FINRA within three months of the date [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578,602],"tags":[530],"class_list":["post-3017","post","type-post","status-publish","format-standard","hentry","category-all-releases","category-class-action","tag-permanent-suspension"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension &#8212; Securities Arbitration Lawyers Blog &#8212; June 2, 2015<\/title>\n<meta name=\"description\" content=\"Check out the new release on Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension on silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension &#8212; 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Securities Arbitration Lawyers Blog &#8212; June 2, 2015","twitter_description":"Check out the new release on Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension on silverlaw.com","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Pedro-Molina\u2019s-Securities-Industry-Career-Ends-With-FINRA-Permanent-Suspension.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension\/","url":"https:\/\/www.silverlaw.com\/blog\/pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension\/","name":"Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension &#8212; Securities Arbitration Lawyers Blog &#8212; June 2, 2015","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"datePublished":"2015-06-02T04:00:00+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Check out the new release on Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension on silverlaw.com","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/pedro-molinas-securities-industry-career-ends-with-finra-permanent-suspension\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Pedro Molina\u2019s Securities Industry Career Ends With FINRA Permanent Suspension"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/3017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=3017"}],"version-history":[{"count":0,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/3017\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=3017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=3017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=3017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}