Florida Broker, Dennis Coral Suspended by FINRA

Florida-based Soreide Law Group obtained the following information from FINRA’s March 2017 Disciplinary Report:

Dennis Coral (CRD #4561718, Miami, Florida)
was suspended by FINRA for 15 business days and due to his financial status, no monetary sanction has been imposed following allegations that Dennis Coral shared in losses sustained by his member firm’s client by depositing $34,935 of his own funds into the client’s account.
FINRA’s findings stated that Coral deposited the funds in the client’s account without the firm’s prior knowledge or approval, and without having previously contributed to the account, to reimburse the client for losses sustained in connection with the client’s purchases of Puerto Rican bond holdings that Coral recommended.
During the course of the firm’s review of the deposits in the client’s firm accounts, the client informed the firm that Coral deposited the funds to cover the losses the client incurred in connection with his Puerto Rican bond holdings.
The suspension was in effect from February 21, 2017, through March 13, 2017.
(FINRA Case #2014041331401)
According to FINRA’s BrokerCheck, Dennis Coral has 14 years of experience in the securities industry and has been listed with 8 firms, with the most recent listed below:
(Registered with this firm since 3/27/2017)
INTERNATIONAL ASSETS ADVISORY, LLC
390 North ORANGE AVE. SUITE 750,
ORLANDO, FL 32801
01/06/2017 - 02/17/2017 KOVACK SECURITIES INC. Fort Lauderdale, FL
05/29/2014 - 01/19/2017 SUNTRUST INVESTMENT SERVICES INC. - FORT LAUDERDALE, FL
06/01/2009 - 04/29/2014 MORGAN STANLEY - AVENTURA, FL
If you experienced losses due to the actions or recommendations of Florida broker, Dennis Coral, call Soreide Law Group, conveniently located in Pompano Beach, Florida, for a free consultation with a Securities Lawyer regarding the possible recovery of your losses at:  888-760-6552.
 
Soreide Law Group operates on a contingency fee basis and we represent our clients nationwide before FINRA.