South Florida Arbitration & Litigation Lawyer Blog
Boca Raton, Florida Securities Fraud and Mismanagement Attorney, Russell L. Forkey, Esq.
June, 2011:
Jorge Ivan Salgado (CRD #4395823, Registered Representative, Miami, Florida, formerly licensed with Global Strategic Investments, LLC.) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 10 business days. The fine must be paid either immediately upon Salgado’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Salgado consented to the described sanctions and to the entry of findings that he exercised discretion on transactions in the account of customers at his member firm, without the customers’ written authorization and without his firm’s acceptance of the account as discretionary. The suspension was in effect from May 2, 2011, through May 13, 2011. (FINRA Case #2009018425601).