According to FINRA, Surage Kamal Roshan Perera was barred from association with any FINRA member in all capacities for refusing to appear for on-the-record testimony requested by FINRA in connection with its investigation into allegations that he had defrauded a customer while associated with a member firm.

FINRA's investigative authority is essential to protecting investors. When registered representatives refuse to cooperate with investigations into serious allegations such as customer fraud, it prevents FINRA from determining the facts and taking appropriate action. A refusal to testify in an investigation is itself a violation that warrants expulsion from the industry, as it demonstrates unfitness to serve in a position of trust with customer assets.

Investors should be aware that registered representatives are required to cooperate with regulatory investigations. Those who refuse to do so face automatic bars from the industry, regardless of the underlying allegations. This policy ensures that only individuals willing to be held accountable for their conduct can work in the securities industry.