{"id":9592,"date":"2020-12-29T10:13:36","date_gmt":"2020-12-29T15:13:36","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9592"},"modified":"2020-12-29T10:13:36","modified_gmt":"2020-12-29T15:13:36","slug":"finra-suspends-broker-michael-pina-for-sixteen-months-after-borrowing-72k-from-four-clients","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-broker-michael-pina-for-sixteen-months-after-borrowing-72k-from-four-clients\/","title":{"rendered":"FINRA Suspends Broker Michael Pina For Sixteen Months After Borrowing $72K From Four Clients"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9594 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/Michael-Pina.jpg\" alt=\"Michael Pina (Michael Kris Pina CRD#: 5922058) is a former registered broker whose last known employer was PFS Investments Inc. (CRD#:10111) of Fort Lauderdale, FL. He has been in the industry since 2011, and began working with PFS in 2013.  A client filed a dispute on 2\/4\/2019 alleging that she gave Pina a check for $20,000, under the impression that it was to be invested. The firm settled for the damages requested, which was $20,000.  On 3\/7\/2019, PFS Investments allowed Pina to resign after he admitted borrowing $20,000 from a client. The firm terminated his registration in a Form U5 filed with FINRA, disclosing the circumstances of his termination. Based on the Form U5, FIRNA began its investigation.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/Michael-Pina.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/Michael-Pina-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Michael Pina (Michael Kris Pina CRD#: <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/5922058\" target=\"_blank\">5922058<\/a>) is a former registered broker whose last known employer was PFS Investments Inc. (CRD#:10111) of Fort Lauderdale, FL. He has been in the industry since 2011, and began working with PFS in 2013.<\/p>\n<p>A client filed a dispute on 2\/4\/2019 alleging that she gave Pina a check for $20,000, under the impression that it was to be invested. The firm settled for the damages requested, which was $20,000. <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-broker-michael-pina-for-sixteen-months-after-borrowing-72k-from-four-clients\/#more-9592\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Pina (Michael Kris Pina CRD#: 5922058) is a former registered broker whose last known employer was PFS Investments Inc. (CRD#:10111) of Fort Lauderdale, FL. He has been in the industry since 2011, and began working with PFS in 2013. A client filed a dispute on 2\/4\/2019 alleging that she gave Pina a check for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[577,580],"tags":[],"class_list":["post-9592","post","type-post","status-publish","format-standard","hentry","category-finra-disciplinary-actions","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Suspends Broker Michael Pina After Borrowing From Four Clients<\/title>\n<meta name=\"description\" content=\"Michael Pina is a former broker, suspended for borrowing from clients, whose last employer was PFS Investments Inc. of Fort Lauderdale, FL.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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