The Soreide Law Group, based in Florida (888) 760-6552, obtained the following summary from FINRA’s website, under “Disciplinary and Other FINRA Actions March 2015.”
Michael Vincent Borja (CRD #5451360, Miami, Florida)
was assessed a deferred fine of $5,000 and suspended by FINRA for 45 days for allegedly proceeding with wire transfer requests, from an imposter posing as a client, without first obtaining verbal confirmation from the client, which was his member firm’s policy.
FINRA's findings stated that Borja falsely represented in his firm’s records that he verbally confirmed wire requests with the client and also provided fictitious reasons for the client’s transfer instructions.
Also, FINRA's findings stated that Borja caused his firm to maintain false books and records concerning these wire transfer requests.
The suspension is in effect from February 2, 2015, through March 18, 2015.
(FINRA Case #2013037029901)
Michael V. Borja was registered with the following firms:
01/2012 - 05/2013 WELLS FARGO ADVISORS, LLC (CRD# 19616) - MIAMI, FL
02/2009 - 01/2012 OPPENHEIMER & CO. INC. (CRD# 249) - MIAMI, FL
02/2008 - 02/2009 UBS INTERNATIONAL INC. (CRD# 107726) - CORAL GABLES, FL
This summary of information from FINRA's website ends here.
Call Florida-based Soreide Law Group for a free consultation on how to potentially recover your financial losses at 888-760-6552.
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