Miami Broker, Enrique Mercado Jr., Suspended by FINRA

Soriede Law Group, based in South Florida, obtained the following information on FINRA’s Disciplinary Report from June 2017 regarding Miami broker: 
Enrique Mercado Jr. (CRD #2242873, Miami, Florida)  
Marcado was assessed a deferred fine of $15,000 and suspended by FINRA for 12 months following allegations that he submitted a false and backdated FINRA Rule 3130 certification to FINRA in response to a FINRA Rule 8210 request.
FINRA’s findings stated that allegedly the certification falsely stated that Mercado’s former member firm had processes in place to review and test its supervisory procedures on a periodic basis, and that these processes were evidenced in a written report.
According to the FINRA report, the certification was also allegedly backdated to make it appear that it had been executed by the deadline required by FINRA Rule 3130. Mercado did not sign the certification submitted, but he allegedly knew that the certification that he provided to FINRA contained false statements and was backdated.
Mercado acknowledged that the certification contained false statements during his on-the-record testimony with FINRA.
The suspension is in effect from May 1, 2017, through April 30, 2018.
(FINRA Case #2012033767402)
According to FINRA’s BrokerCheck, Enrique Mercado Jr. has been in the securities industry for 9 years and has been listed with 6 firms, the most recent listed below:
2/19/2015 - 10/02/2015  EFG CAPITAL INTERNATIONAL - MIAMI, FL
07/08/2013 - 01/29/2015  RBC CAPITAL MARKETS, LLC - MIAMI, FL
01/29/2010 - 04/01/2013  TRADEWIRE SECURITIES LLC - CORAL GABLES, FL
02/12/2009 - 07/29/2009  INTERNATIONAL CAPITAL MARKETS, INC. - MIAMI, FL
If you were a client of Enrique Mercado Jr. and experienced losses due to his recommendations or actions, call the conveniently located South Florida law firm, Soreide Law Group and speak to a securities lawyer regarding the possible recovery of your investment losses at:  888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis.  Let our years of experience work for you.