(FINRA Case #2012033767402)
Enrique Mercado Jr. (CRD #2242873, Miami, Florida) submitted an Offer of Settlement in which he was assessed a deferred fine of $15,000 and suspended from association with any FINRA member in all capacities for 12 months.
Without admitting or denying the allegations, Mercado consented to the sanctions and to the entry of findings that he submitted a false and backdated FINRA Rule 3130 certification to FINRA in response to a FINRA Rule 8210 request.
The findings stated that 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. The certification was also 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 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. The suspension is in effect from May 1, 2017, through April 30, 2018.
Mercado worked for EFG Capital International in Miami Florida from Feb 2015 to October 2015. He is currently not registered with FINRA.
If you feel you have been misled by Enrique Mercado Jr. or any Broker and wish to discuss legal action, please contact Darren Blum at 1-877-786-2552 (1-877-STOCK LAW), www.stockattorneys.com for a free consultation.