Nex Systems
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Dennis D. Herrera

Regulator action

United States. Named in 1 sanctions listing.

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Sanctions and listings1

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    08/21/2025: Between January 2019 and February 2023, Herrera recommended to two retail customers a series of trades that were excessive, unsuitable, and not in the customers' best interests. As a result, Herrera willfully violated the Best Interest Obligation under Rule 15l-1 (a)(1) of the Securities Exchange Act of 1934 (Regulation BI or Reg BI) and violated FINRA Rules 2111 and 2010. For these violations, Herrera is suspended for six months in all capacities, fined $5,000, and ordered to pay restitution of $158,500 plus interest...

    Reference 2022073724201data-portal.finra.orgfinra.org

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