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Fernando Roman Corujo: Pending Sanction Against Linda Corujo Advisor
A pending regulatory action against San Juan financial advisor Fernando Roman Corujo (CRD# 5657513) alleges that he sold high-risk investments in unregistered securities without approval as a securities agent. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Lincoln Financial Securities Corporation, as well as a representative of Linda Corujo Retirement Center.
Mr. Corujo’s BrokerCheck report discloses the pending action against him. Filed in November 2023 by regulators in Puerto Rico, it alleges that was recruited as the originator in the offering and sale of promissory notes to clients of Providence Financial Investments. At the time of the offering and sale, the action alleges, he “was not approved as agent and didn’t have the necessary exams approved.” It alleges that the offering involved “high-risk investments in non-registered securities’ that “were offered as [a] secured and low risk investment” to clients based in Puerto Rico. “Providence or PFI were registered in Puerto Rico as issuers, agents, broker dealer, investment advisors or representatives of investment advisor,” the action states. In connection with these findings, regulators levied a fine of $75,000 against Mr. Corujo. The action “is pending subject to final determination of administrative procedure,” it states.
According to the Financial Industry Regulatory Authority, Fernando Roman Corujo holds eight years of securities industry experience. Based in San Juan, Puerto Rico, he has been a broker and an investment advisor with Lincoln Financial Securities Corporation since 2016 and 2021, respectively. He was previously registered with Lincoln Financial in 2012. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Florida, New York, and Puerto Rico. (Information current as of December 10, 2023.)
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