The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, January 2012.”
Marcela Zamora Erana (CRD #4450935, Registered Principal, Key Biscayne, Florida)
submitted a Letter of Acceptance, Waiver and Consent in which she was fined $5,000
and suspended from association with any FINRA member in any capacity for one month.
Without admitting or denying the findings, Erana consented to these described sanctions and to the entry of findings that a registered representative serviced customer discretionary accounts and the customers agreed to continue to short U.S. Treasuries as the price of the Treasuries increased, and margin calls occurred with more frequency, with the understanding that the representative would monitor their positions and that if the prices continued to increase and reached a particular price, which varied by customer and was also dependent on individual margin levels, the representative would execute transactions in their accounts to cover the short positions to limit their losses.
These findings stated that the price of the U.S. Treasuries continued to rise and exceeded the prices at which the representative had agreed to cover the short positions, but the representative failed to cover short positions at the agreed-upon prices after Erana instructed him not to execute the transactions.
The suspension was in effect from December 5, 2011, through January 4, 2012.
(FINRA Case #2009016028501)
The information from FINRA’s website has ended.
Securities Attorney, Lars Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family member have sustained investment losses through Marcela Zamora Erana of Key Biscayne, FL, or similar losses due to your stock broker or financial advisor’s recommendations, call for a free consultation on how to potentially recover your losses. To speak with an attorney call 888-760-6552, or visit our website at: www.securitieslawyer.com.
Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.