Roman Corona, Former Morgan Stanley Broker, Barred for Refusing to Appear for Testimony During Finra Investigation

An apparent misunderstanding about the broker’s external accounts led first to his discharge from the Firm and then to the FINRA bar

Did you lose money investing with Roman Corona? Contact Sonn Law Group today or call 866–827–3202 to schedule a free consultation on your case. Under FINRA Rules, member firms are responsible for supervising the activity of their brokers and may be liable for misconduct, and you may be able to recover your investment through FINRA arbitration.

Roman Corona (CRD# 6347429) is a previously registered broker and investment advisor. From 2018 to 2019, he was a registered representative with JJ Morgan Securities based in Scottsdale, Arizona. Previously, Mr. Corona was a representative with Morgan Stanley from 2015 to 2017.

Mr. Corona was discharged from his position with Morgan Stanley in late 2017 following allegations that he failed to disclose outside brokerage accounts and initially denied that he had such accounts when asked.

According to a comment included with the disclosure on his BrokerCheck report, the accounts in question were opened by Mr. Corona’s wife, who was not aware of the Firm rules regarding outside accounts, without his knowledge.

Following his termination, FINRA began an investigation into the allegations. During the course of the investigation, Mr. Corona refused to appear for on-the-record testimony as requested. Pursuant to FINRA Rules, Mr. Corona was subsequently barred from the securities industry (Letter of Acceptance, Waiver and Consent №2017056319201).

Mr. Corona’s BrokerCheck profile contains only one other disclosure, a bankruptcy filing that was discharged in August 2012.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional or corporate executive misappropriated funds, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.