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EFG Capital’s Kenia Rocha Receives Options Complaint
Kenia Rocha (CRD# 5629596), a financial advisor based in Miami, recently received an investor complaint that reached a six-figure settlement. Financial Industry Regulatory Authority records show that she is a broker and investment adviser with EFG Capital International and EFG Asset Management, respectively.
Ms. Rocha’s BrokerCheck report discloses one recent investor complaint. Filed in November 2021, it alleges that EFG Capital International did not provide an “expected and agreed upon level of service” for a “complex option trading” strategy, ultimately leading to losses. The complaint, which also involved EFG representative Eduardo Da Cruz and former EFG representative Carlos Estima, reached a settlement of $600,000.
EFG Capital International has been the subject of five regulatory enforcement actions, according to the firm’s BrokerCheck report. Four of the five actions are FINRA sanctions finding that the firm failed to properly report transactions to the Trade Reporting and Compliance Engine, resulting in censures and monetary penalties against it. A fifth sanction, issued by FINRA in 2018, found that the firm failed to establish and maintain an adequate anti-money laundering program, allegedly failing to look into red flags of potentially suspicious activity. This sanction resulted in an $800,000 monetary penalty against EFG.
According to the Financial Industry Regulatory Authority, Kenia Rocha holds 13 years of securities industry experience. Based in Miami, Florida, she has been a broker with EFG Capital International since 2009 and an investment advisor with EFG Asset Management since 2019. Her credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Securities Industry Essentials Examination, or SIE. She is licensed in California, Florida, Georgia, Illinois, New Jersey, and Oklahoma. (Information current as of May 16, 2023.)
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