← Broker database 2024-11-05
Jared Berrios Suspended for Insurance Continuing Education Fraud
According to FINRA, Jared Jayson Berrios was fined $5,000 and suspended from association with any FINRA member firm for one month for falsely certifying completion of continuing education requirements.
Berrios certified to the State of New York that he had personally completed 15 hours of continuing education required to renew his state insurance license. However, another person actually completed that continuing education on his behalf.
This is the second case in the January 2025 enforcement actions involving a New York representative who had someone else complete their insurance continuing education. Continuing education is designed to ensure that licensed professionals maintain current knowledge of products, regulations, and ethical requirements. When professionals circumvent these requirements, they may lack knowledge that is important for serving their customers properly.
The false certification to the state regulatory authority also represents a violation of honesty and integrity standards that FINRA members must uphold. Financial professionals are expected to be truthful in their dealings with regulators.
The one-month suspension was served from December 2, 2024, through January 1, 2025. While a one-month suspension may seem brief, it still represents a significant sanction that appears on the representative's permanent regulatory record and is visible through BrokerCheck.
Investors should expect their financial professionals to take their educational requirements seriously and maintain current knowledge in their field.