The Financial Industry Regulatory Authority says it has barred a former Florida broker who allegedly flubbed proof of completing continuing education courses.
Michael Rene Peña joined the financial services industry in April 2017, registering with PFS Investments in Pembroke Pines, Florida, according to BrokerCheck. The company filed a Form U5 termination notice for Peña in December 2020, Finra says in a letter of acceptance, waiver and consent published this week.
The same month, the Florida Department of Financial Services suspended Peña for six months over allegations that he submitted “fraudulent continuing education course completion documents to the department,” according to his record.
Last month, meanwhile, Peña allegedly refused to appear for testimony in connection to Finra’s investigation into whether he had failed to timely “disclose a potentially reportable event” and whether he submitted bogus documents on completing the continuing education course, for which the self-regulator barred him, according to the letter of acceptance.
Peña consented to the bar without admitting or denying the findings, Finra says.
Think Advisor first reported the bar.
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