Eneida Cortes Consented to a FINRA Fine and Suspension
Eneida Cortes (CRD #: 5790380 ), a registered broker with Popular Securities, recently consented to a FINRA fine and suspension, according to her BrokerCheck Record accessed on November 3, 2021.
Keep reading if you have questions about Eneida Cortes’ conduct as a broker.
FINRA Letter of Acceptance, Waiver, and Consent Agreement
On August 10, 2021, Eneida Cortes consented to the sanctions and to the entry of findings that she allegedly added instructions and a date to a letter of authorization (LOA) that had been previously signed by another employee of Popular Securities and used it to affect the transfer of securities. According to FINRA, Eneida Cortes allegedly affected the transfers on at least four occasions. FINRA also alleges Eneida Cortes caused the firm to create and maintain inaccurate books and records.
You can read a copy of the AWC here.
FINRA Rules 4511 and 2010
Eneida Corte’s alleged misconduct violates FINRA Rules 4511 and 2010 by causing Popular Securities to create and maintain inaccurate books and records in violation of Section 17(a) of the Securities Exchange Act of 1934 (Exchange Act).
FINRA Rule 4511
FINRA Rule 4511 requires each member to make and preserve books and records in conformity with Section 17(a) of the Exchange Act and Exchange Act Rule 17a-3. Maintaining books and record include ensuring that the books are accurate. Causing a FINRA-regulated broker-dealer to make or preserve inaccurate records violates this rule and constitutes a violation of FINRA Rule 2010.
FINRA Rule 2010
FINRA Rule 2010 requires that members and their associated persons “observe high standards of commercial honor and just and equitable principles of trade.”
Obtaining a pre-signed document that is otherwise blank and then adding information to that previously signed document violates FINRA Rule 2010.
Eneida Cortes Consented to the Following Sanctions
- A 20 business-day suspension from associating with any FINRA member in all capacities
- A $5,000 fine
The suspension was in effect from September 7, 2021, through October 4, 2021.
Eneida Cortes Background Information
Eneida Cortes has passed the following exams:
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 24 – General Securities Principal Examination
She is a licensed broker in Puerto Rico.
Other than Popular Securities, Eneida Cortes has not worked with any other firm.
Kurta Law Can Help
If you have been victimized by Eneida Cortes as a broker, don’t hesitate to get in touch with us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
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