{"id":19899,"date":"2021-08-09T11:48:10","date_gmt":"2021-08-09T16:48:10","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19899"},"modified":"2021-08-09T11:48:10","modified_gmt":"2021-08-09T16:48:10","slug":"covid-relief-loans-finra-sanctions","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/covid-relief-loans-finra-sanctions\/","title":{"rendered":"Inappropriate COVID-19 Loan Applications Led To FINRA Sanctions for Brokers From Wells Fargo, J.P. Morgan Securities, and Merrill Lynch"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">COVID Relief Loans Involved Undisclosed Business Outside Their Brokerage Firms<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.investmentnews.com\/3-brokers-in-hot-water-over-sketchy-covid-19-loan-applications-209670\"><span style=\"font-weight: 400;\">InvestmentNews<\/span><\/a><span style=\"font-weight: 400;\">, ex-J.P. Morgan Securities broker Gloria Willis, former Merrill Lynch stockbroker Evelyn Batista, and ex-Wells Fargo financial advisor Kenric Sexton have either been barred or suspended from the securities industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These Financial Industry Regulatory Authority (FINRA) sanctions were imposed after the self-regulatory organization (SRO) found that all three of them either inappropriately or incorrectly applied for federal COVID-relief loan programs geared towards small businesses in the wake of the coronavirus pandemic.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/covid-relief-loans-finra-sanctions\/\"  title=\"Continue Reading Inappropriate COVID-19 Loan Applications Led To FINRA Sanctions for Brokers From Wells Fargo, J.P. Morgan Securities, and Merrill Lynch\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>COVID Relief Loans Involved Undisclosed Business Outside Their Brokerage Firms\u00a0 According to InvestmentNews, ex-J.P. Morgan Securities broker Gloria Willis, former Merrill Lynch stockbroker Evelyn Batista, and ex-Wells Fargo financial advisor Kenric Sexton have either been barred or suspended from the securities industry. These Financial Industry Regulatory Authority (FINRA) sanctions were imposed after the self-regulatory organization [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3783,4522,3800,3836],"tags":[4196,4592,4591],"class_list":["post-19899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-misconduct","category-jp-morgan-securities","category-merrill-lynch","category-wells-fargo","tag-broker-misconduct","tag-covid-relief-loans","tag-sba-loans"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inappropriate COVID-19 Relief Loans Led to FINRA Sanctions | FINRA Attorneys<\/title>\n<meta name=\"description\" content=\"Three brokers have been sanctioned by FINRA for inappropriately applying for COVID relief and SBA loans during the pandemic. Find out more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/covid-relief-loans-finra-sanctions\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Inappropriate COVID-19 Relief Loans Led to FINRA Sanctions | FINRA Attorneys\" \/>\n<meta name=\"twitter:description\" content=\"Three brokers have been sanctioned by FINRA for inappropriately applying for COVID relief and SBA loans during the pandemic. 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