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Keri Fazio Suspended for Allegedly Failing to Respond to FINRA Requests for Information

Feb 2, 2022 General

Keri Fazio (CRD #:5901797), a broker formerly registered with MML Investors Services, was recently suspended for allegedly failing to respond to FINRA requests for information, according to her BrokerCheck Record, accessed on January 15, 2021.   

On October 19, 2021, FINRA alleged that Keri Fazio failed to respond to FINRA requests for information. Her alleged conduct is a violation of FINRA Rule 8210. If Keri Fazio fails to request the termination of the suspension, she will automatically be barred on January 24, 2022.  

FINRA Rule 8210 requires members to provide information under oath if requested, regarding any matter that pertains to an investigation, complaint, examination, or proceeding. A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires member firms and their associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” 

Sanctions 

Pursuant to FINRA Rule 9552 and in accordance with FINRA’s Notice of Suspension letter dated October 19, 2021, Keri Fazio was suspended on November 12, 2021, from associating with any FINRA member firm in all capacities. 

FINRA Rule 9552 applies in situations where a brokerage firm or representative has failed to provide information or keep information current. FINRA Rule 9552 is a Notice of Suspension if corrective action is not taken. This means if Keri Fazio fails to request termination of the suspension within three months, she will automatically be barred on January 24, 2022,  from association with any FINRA member in all capacities pursuant to FINRA Rule 9552(h). 

Criminal Charge Details 

Keri Fazio is facing a pending criminal charge. On May 6, 2021, she was charged with larceny for over $1,200. 

Employment Termination 

On April 28, 2021, Keri Fazio was fired from her position at  MML Investors Services  following allegations regarding fraud and/or the wrongful taking of property. 

Background Information 

Keri Fazio has passed the following exams: 

  • SIE - Securities Industry Essentials Examination 
  • Series 7 - General Securities Representative Examination  
  • Series 53 - Municipal Securities Principal Examination 
  • Series 24 - General Securities Principal Examination 

Besides, MML Investors Services Keri Fazio has not worked with any other firms. 

Kurta Law Can Help  

If you have lost money after working with Keri Fazio, don't hesitate to get in touch with us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.  

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.