Finra bars former Morgan Stanley rep who hid outside accounts

Finra bars former Morgan Stanley rep who hid outside accounts
Roman Corona declined to appear before panel looking into holdings.
JUL 12, 2019

The Financial Industry Regulatory Authority Inc. has barred former Morgan Stanley representative Roman Corona for not appearing at a hearing inquiring into brokerage accounts he held away from the firm. (More:​ Finra bars broker accused of stealing $1 million from clients) In October 2017, Morgan Stanley discharged Mr. Corona, alleging that the Phoenix-area adviser did not disclose his outside brokerage accounts and initially denied, when asked, whether such accounts existed. He joined JPMorgan Securities in 2018. Mr. Corona began his securities career at Capital One Investing in 2014 and moved to Morgan Stanley a year later.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave