Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rocio Tapia (Tapia), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one tax lien, alleging that Tapia recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on September 16, 2024.
Without admitting or denying the findings, Tapia consented to the sanctions and to the entry of findings that she solicited and received exam content before taking the Certified Financial Planner (CFP) exam in violation of the CFP Board testing rules. The findings stated that as part of the registration process to take the CFP exam Tapia agreed to abide by the CFP’s Pathway Agreement, which prohibited exam misconduct before. During, and after exam administration. The Pathway Agreement prohibited, among other things, communicating with any other person about the exam during the exam administration period, and attempting to give or receive any assistance related to the exam. On three occasions prior to taking the exam, Tapia solicited and received information regarding exam content from individuals on a group messaging platform who had already taken the exam earlier. The CFP Board’s Disciplinary and Ethics Commission (DEC) found that Tapia’s actions constituted exam misconduct in violation of the Pathway Agreement. The DEC imposed a three-year bar on Tapia from applying for or obtaining the CFP certification and voided her exam results. Later that year. The Appeals Commission of the CFP Board upheld the DEC’s findings and affirmed the sanctions.
