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Written by 6:58 pm Current Investigations

Manuel Mejia-Gomez Suspended from Securities Industry

Concerned about investment losses with Manuel Mejia-Gomez?

Have you suffered losses investing with Manuel Mejia-Gomez? If so, The White Law Group may be able to help you recover your losses through FINRA Arbitration.

According to FINRA, Manuel Mejia-Gomez (CRD #2259727, San Juan, Puerto Rico) was fined $15,000 and suspended from the securities industry. FINRA alleges that Meijia-Gomez executed unauthorized transactions in a customer’s account. The findings stated that after the customer complained, Mejia-Gomez’s member firm cancelled the transactions and Mejia-Gomez reimbursed the firm for the losses of approximately $15,000 that resulted from the cancellation of the transactions.

In addition, Mejia-Gomez allegedly exercised discretionary authority in customer accounts. According to FINRA’s allegations, on multiple occasions, Mejia-Gomez liquidated securities in a customer’s account in order to meet the customer’s cash-flow obligations. Mejia-Gomez allegedly did not have the customer’s authorization to liquidate the specific securities that were selected for liquidation.

Discretionary Trading

Mejia-Gomez also allegedly engaged in discretionary trading in another customer’s account when he liquidated mutual funds and purchased new mutual funds in that customer’s account using discretion.

According to FINRA’s findings, Mejia-Gomez allegedly sold a mutual fund and purchased a new mutual fund in another customer’s account using discretion on the instruction of the customer’s father, who was not authorized to direct trading in the customer’s account. Mejia-Gomez purportedly did not obtain any of the customers’ written authorization to exercise discretion in their accounts, and his firm did not approve the accounts in writing as discretionary accounts.

The suspension is in effect from December 19, 2016, through March 18, 2017. For FINRA’s full findings see FINRA Case #2015044285701.

According to FINRA BrokerCheck, Manuel Mejia-Gomez was registered with Popular Securities in San Juan, PR from 03/27/2006  until 01/29/2015 when he was permitted to resign due to allegations of “unauthorized trading in efforts to make commissions.” He has five disclosure events listed on his Broker Report.

Recovery of Investment Losses

Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules. They can held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.

If you suffered losses investing with Manuel Mejia-Gomez, the attorneys at The White Law Group may be able to help. For a free consultation, please call (888) 637-5510.

 The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information please visit www.whitesecuritieslaw.com.

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