A Buckeye man, Roman Alejandro Corona, has had his securities salesman registration and investment adviser representative license revoked by the Arizona Corporation Commission.
The Commission based the revocation upon disciplinary action taken by the Financial Industry Regulatory Authority (FINRA).
According to the Corporation Commission, in July 2019, Corona entered into a Letter of Acceptance, Waiver, and Consent with FINRA, in which he consented to a bar from associating with any FINRA member firm in any capacity. According to the FINRA Consent, Corona was discharged by his employer due to concerns that he did not disclose his outside brokerage accounts and initially denied he had such accounts when asked.
Corona allegedly then refused to appear for on-the-record testimony in violation of FINRA rules. The Corporation Commission found the revocations of Corona’s Arizona registration and license to be appropriate, in the public interest and necessary for the protection of investors.