Susan Molina Escobio (Susan Molina) – Financial Advisor/Broker Susan Molina Under Investigation by FINRA | Goodman & Nekvasil, P.A. May Recover Investor Losses
Susan Molina is a currently licensed financial advisor/broker with Southern Trust Securities, Inc. According to FINRA, Susan Molina is involved in an ongoing formal investigation initiated by FINRA in April 2020.
According To FINRA:
FINRA made a preliminary determination to recommend that disciplinary action be brought against Susan Molina alleging violations of FINRA Rules 3310(a), 3310(b), and 2010 in that Susan Molina failed to establish and implement policies and procedures at a Member Firm reasonably expected to detect and cause the reporting of transactions under 31 U.S.C. 5318(g) and the implementing regulations thereunder, and failed to establish and implement policies, procedures, and internal controls reasonably designed to achieve compliance with Bank Secrecy Act and the implementing of regulations thereunder; violations of FINRA Rules 3310(e) and 2010 in that Susan Molina failed to provide reasonable AML Training for appropriate member firm personnel; violations of FINRA Rules 3310(b) and 2010 in that Susan Molina failed to recognize a customer’s account as a foreign financial institution and conduct the required periodic reviews; violations of FINRA Rules 3110(a) and 2010 in that Susan Molina failed to reasonably supervise a Member Firm’s email and to safeguard customer(s) personally identifiable information in contravention of Regulation S-P; violation of FINRA Rule 2010 in that Susan Molina made negligent misrepresentations to corporate bong dealers regarding a Member Firm and its customers’ qualified institutional buyer status; and violations of FINRA Rules 8210 and 2010 in that Susan Molina provided an untimely response to FINRA’s rule 8210 request for information and documents. This investigation is currently pending.
Goodman & Nekvasil, P.A. May Recover Investor Losses
If you lost money on investments with Susan Molina and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Susan Molina’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Susan Molina and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 8/3/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.