Antonio Herrero-Rovira, Registered Principal, Rio Piedras, Puerto Rico

FINRA Arbitration Fraud, Theft and Mismanagement Attorney, Russell L. Forkey, Esq.

January, 2011:

Antonio Herrero-Rovira (CRD #1878587, Registered Principal, Rio Piedras, Puerto Rico, formerly licensed with UBS Financial Services Incorporated of Puerto Rico and Popular Securities, Inc.) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Herrero-Rovira converted approximately $203,000 in customer funds by forging customers’ signatures on Letters of Authorization (LOAs) and firm checks issued pursuant to the LOAs, and depositing the checks into his personal bank account or others’ account without the customers’ knowledge or authorization. The findings also stated that Herrero-Rovira converted an additional $16,000 from a customer by causing a check payable to the customer in that amount to be withdrawn from the customer’s account without the customer’s knowledge or authorization, and forging the customer’s check endorsement. The findings also stated that Herrero-Rovira failed to respond to FINRA requests for information. (FINRA Case #2008013833601).