FINRA barred securities broker Fernando Corcuchia [CRD: 5394734, San Francisco, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Fernando Corcuchia worked for NYLife Securities LLC from August 15, 2011, to May 12, 2023. Continue reading to learn more about Corcuchia’s regulatory actions and client disputes.
Specifically, on April 12, 2024, the Financial Industry Regulatory Authority (FINRA) issued Case: 2023078612801 sanctioning Fernando Corcuchia.
Supposedly, Corcuchia's employment with NYLife Securities LLC ended on May 12, 2023, when NYLife filed a Uniform Termination Notice for Securities Industry Registration (Form U5). The form disclosed that he had been permitted to resign after a review of his business practices indicated violations of company policy.
Following his resignation, FINRA initiated an investigation into the circumstances that led to the allegations noted in the Form U5. The investigation focused on Corcuchia's compliance with company policies and compliance with industry regulations. During this period, FINRA requested Corcuchia to appear for testimony as part of their inquiry.
Evidently, Corcuchia refused to comply with FINRA’s request for testimony. According to FINRA Rule 8210, this refusal constitutes a violation as the rule mandates cooperation in investigations, including providing testimony. By not appearing as requested, Corcuchia also violated FINRA Rule 2010.
As a result, Corcuchia entered into an AWC with FINRA, where he consented to a permanent bar as a securities broker. This precludes him from engaging with any FINRA member firm in the capacity of securities broker.
Experienced losses because of Fernando Corcuchia? If so, get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Corcuchia and brokerage firms NYLife Securities LLC deny any allegations of sales practice violations.
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