December 19, 2023 – An AWC was issued in which Henao was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in all capacities for 45 days. Without admitting or denying the findings, Henao consented to the sanctions and to the entry of findings that he exercised discretion without written authorization in a customer’s account by initiating a substantial short position in a volatile exchange-traded note. The findings stated that after the trade went against his customer, Henao closed out the position. Henao did not have written authorization from the customer, or permission from his member firm, to exercise discretion in the account. Henao aggravated his misconduct by using an unapproved communication channel to exchange messages concerning the trades with a family member of the customer after the fact.
The suspension is in effect from January 2, 2024, through February 15, 2024. (FINRA Case #2020068622401)
Matthew Schwartz
Matthew Schwartz represents clients harmed by lawyers, accountants, insurance professionals, real estate agents, brokers, financial advisors, and other trusted professionals. He handles Florida litigation and nationwide FINRA arbitration. He has been recognized in The Best Lawyers in America® and named to the Best Law Firms® list.
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