Failure to Cooperate with FINRA Inquiry Leads to Bar for Ruben Rojas-Salvador

The Financial Industry Regulatory Authority (FINRA) permanently barred Ruben Rojas-Salvador (CRD No. 7801564) from associating with any FINRA member firm in all capacities after he refused to cooperate with an official investigation. FINRA alleged that Rojas-Salvador violated FINRA Rules 8210 and 2010 by failing to appear for on-the-record testimony requested as part of an ongoing inquiry.

Rojas-Salvador registered with FINRA in September 2023 as a General Securities Representative through Craft Capital Management LLC (CRD No. 171350). On July 8, 2025, the firm filed a termination notice stating that he had voluntarily left his position. Although he is no longer registered with a FINRA-member firm, Rojas-Salvador remains subject to FINRA’s jurisdiction under its by-laws.

Under FINRA Rule 8210, member firms and associated persons are required to provide information or testimony during any FINRA investigation, examination, or proceeding. The rule gives FINRA broad authority to compel cooperation in regulatory matters. A refusal to appear for testimony or produce requested information constitutes a serious violation. Rule 2010 further requires individuals in the securities industry to uphold high standards of commercial honor and just and equitable principles of trade.

FINRA’s investigation stemmed from a tip it received. On July 21, 2025, the regulator sent a formal request for on-the-record testimony to Rojas-Salvador. His counsel later informed FINRA that he had received the request but would not appear for testimony at any time. By failing to comply, Rojas-Salvador violated both Rule 8210 and Rule 2010.

As a result, FINRA imposed a bar from association with any member firm in all capacities, effectively ending Rojas-Salvador’s ability to work in the securities industry. The bar became effective upon FINRA’s acceptance of the settlement in August 2025.

Lufrano Law, LLC is a national investment litigation firm and has experience representing investors who have investment disputes with brokers and broker-dealers. Please contact us at (800) 627-2179 for more information if you have been the victim of investment negligence or fraud.

The content on this site reflects personal opinions and does not constitute statements of fact. No findings have been made against the firms or individuals mentioned. This blog is intended solely for educational purposes, drawing on publicly available information to provide general insights and a basic understanding of the law. It is not a substitute for legal advice.