South Florida Arbitration & Litigation Lawyer Blog
FINRA Securities Fraud, Misrepresentation and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq.
May, 2011
Marco Antonio Martin (CRD #3100944, Registered Representative, Toronto, Canada, formerly Citigroup Global Markets, Inc.) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Martin consented to the described sanction and to the entry of findings that he executed more than 50 unauthorized trades in a customer account and hid the losses that resulted from the unauthorized trades by sending the customer false and misleading monthly account summaries over a period of nearly two years that misrepresented the value of the account and failed to accurately reflect the substantial losses that had been incurred. The findings stated that Martin purchased mutual fund shares for another customer’s account at the cost of $126,000 without the customer’s prior authorization or approval. (FINRA Case #2008014982901).
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