Bad Broker

Temetria Blackburn Suspended for EIDL Loan Misrepresentations

2022-08-25

My Bad Broker

According to FINRA, Temetria Blackburn was fined $10,000 and suspended for six months for making reckless misrepresentations in an Economic Injury Disaster Loan application. Blackburn did not review program requirements or instructions before applying. She recklessly misrepresented that she owned a sole proprietorship with 11 employees and $20,000 in revenue. In fact, Blackburn did not operate any business eligible for the loan. Based on her misrepresentations, the SBA provided a $10,000 loan advance. Blackburn did not complete a loan agreement and has not repaid the $10,000. EIDL loans were designed to help businesses affected by COVID-19. False applications divert limited resources from legitimate businesses.

Violation :

Reckless misrepresentations in EIDL loan application

Tags :

Temetria Blackburn,
IL
CRD Number : 5659467

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