FINRA suspends Ricardo Alfredo Estrada (CRD #4130208, Coral Gables, Florida)
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As reported in InvestmentNews, three Raymond James entities have agreed to pay over $15 million to resolve an investigation by the SEC. The settlement and SEC order focused on Raymond James’s actions in improperly charging certain clients advisory fees when the...read more
March 12, 2018 – A Letter of Acceptance, Waiver and Consent (AWC) was issued in which Estrada was assessed a deferred fine of 5,000 and suspended from association with any FINRA member in all capacities for two months. Without admitting or denying the findings, Estrada consented to the sanctions and to the entry of findings that he engaged in an outside business activity without seeking or receiving prior written approval from his member firm. The findings stated that Estrada failed to disclose that he formed a corporate entity to earn finder’s fees, invest in real estate and invest in small start-up companies. In connection with this activity, Estrada received approximately $7,575 in finder-fee compensation. In addition, Estrada failed to disclose this outside business activity on firm compliance questionnaires for two years. The suspension is in effect from March 19, 2018, through May 18, 2018. (FINRA Case #2017053902501). If you or someone you know has lost money investing with Ricardo Estrada, call the experienced attorneys at Epperson & Greenidge at 877-445-9261 for a free consultation. You may be eligible to recoup your losses. Epperson & Greenidge accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-445-9261 now to speak to an attorney for free.