Fernando Silva of Tucson, AZ, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Silva failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022076360101 (December 6, 2022).
According to the AWC, FINRA began an investigation into Silva regarding his potential misappropriation of customer funds. In connection with the investigation, FINRA sent a request to Silva for the production of information and documents on October 14, 2022. On November 14, 2022, Silva indicated to FINRA that he had received the requests but would not produce the documents and information at any time. Therefore, Silva violated FINRA Rules 2010 and 8210.
Silva was associated with Wells Fargo Clearing Services LLC in Tucson, AZ, as a stockbroker from March of 2021 to August of 2021, and associated with Morgan Stanley in Tucson, AZ, as a stockbroker from August of 2021 to September of 2022. Morgan Stanley discharged Silva on September 8, 2022, based upon allegations that Silva misappropriated funds.
