Finra bars former Fidelity broker for noncooperation with reimbursment investigation

Finra bars former Fidelity broker for noncooperation with reimbursment investigation
Ernie Garcia was being investigated for altering receipts.
JUL 26, 2019

The Financial Industry Regulatory Authority Inc. has barred former Fidelity broker Ernie Garcia for refusing to take part in an investigation into reimbursements he received from the firm. (More: Former Wells Fargo adviser barred for noncooperation with inquiry into misuse) Finra said that Mr. Garcia was terminated by Fidelity in 2017 for submitting altered receipts and receiving reimbursement under Fidelity's computer equipment purchase assistance program. He has not been associated with a Finra member firm since his termination. Mr. Garcia began his securities career at Fidelity in 2014.

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