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CATALINA CADAVID

CATALINA CADAVID is currently employed as a Broker and/or Investment Adviser at LLOYDS SECURITIES located at 1095 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036.

CATALINA CADAVID has worked at LLOYDS SECURITIES since February 25, 2014

Disclosure History

CATALINA CADAVID has 1 Disclosure Event(s).

Date: December 13, 2011
Category: Regulatory
Initiated By: FINRA
Allegations: FINRA RULE 2010, NASD RULES 2110, 3010: A MEMBER FIRM, ACTING THROUGH CADAVID, ITS CHIEF COMPLIANCE OFFICER, FAILED TO ENSURE THAT THE FIRM ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM, AND ESTABLISH, MAINTAIN AND ENFORCE WRITTEN SUPERVISORY PROCEDURES, REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLE RULES AND REGULATIONS RELATING TO THE FIRM'S FOREIGN FINDER BUSINESS AND THE COLLATERALIZED MORTGAGE OBLIGATION (CMO) TRANSACTIONS AND TRADING ACTIVITY OF ONE OF ITS FOREIGN FINDER-REFERRED ACCOUNTS. CADAVID'S FIRM'S SOLE BUSINESS ENTAILED EXECUTING SECURITIES TRANSACTIONS ON BEHALF OF LATIN AMERICAN CUSTOMERS REFERRED TO THE FIRM BY FOREIGN FINDERS. THE FIRM FAILED TO ESTABLISH WRITTEN SUPERVISORY PROCEDURES PERTAINING TO CMOS. IT THEREFORE DID NOT ADDRESS HOW IT WOULD OBTAIN, MONITOR AND CONDUCT DUE DILIGENCE ON PRICING FOR THESE ILLIQUID SECURITIES. THE FIRM FAILED TO ENSURE THAT ITS RELATIONSHIP WITH THE FOREIGN FINDER SATISFIED THE CRITERIA OF FINRA RULE 1060 FOR PAYMENT OF TRANSACTION-BASED COMPENSATION TO FOREIGN FINDERS. FURTHER, THE PRINCIPAL RESPONSIBLE FOR SUPERVISING THE SECURITIES ACTIVITY IN THE FOREIGN FINDER-REFERRED ACCOUNTS, HAD NO EXPERIENCE PRIOR TO JOINING THE FIRM REGARDING CMOS, WHICH RENDERED HIS MONTHLY REVIEW OF A CUSTOMER'S ACCOUNT AND IMPLEMENTATION OF HEIGHTENED SUPERVISION BY THE FIRM INADEQUATE.
Resolution: Acceptance, Waiver & Consent(AWC) SanctionDetails:
Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails:
Amount: $5,000.00 Regulator Statement: WITHOUT ADMITTING OR DENYING THE FINDINGS, CADAVID CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS; THEREFORE SHE IS FINED $5,000. FINE PAID IN FULL DECEMBER 20, 2011.
Broker Comment: WITHOUT ADMITTING OR DENYING THE FINDINGS, CADAVID CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS; THEREFORE SHE IS FINED $5,000. FINE PAID IN FULL DECEMBER 20, 2011.

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