Armando Fernandez – Investor Alert

Galvin Legal is launching an investigation on behalf of investors who may have suffered losses investing with Armando Fernandez. If you suffered losses investing with Armando Fernandez, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.

As of August 19, 2016, Fernandez’s FINRA BrokerCheck Report states that “[t]his broker is currently suspended by FINRA. See detailed report for available information.“

Disclosure Events

06/02/2016 Regulatory – Final

Initiated By FINRA

Allegations:

Without admitting or denying the findings, Fernandez consented to the sanctions and to the entry of findings that he exercised discretion in a customer’s account and executed related trades without written authorization from the customer and without obtaining prior written acceptance of the account as discretionary from his member firm. The findings stated that Fernandez mismarked order tickets as unsolicited when, in fact, the trades were solicited, thereby causing the firm to maintain inaccurate books and records.

Resolution: Acceptance, Waiver & Consent(AWC)

Sanctions: Civil and Administrative Penalty(ies)/Fine(s)

Amount: $7,500.00

Sanctions: Suspension

Duration: 20 business days

04/21/2016 Customer Dispute – Pending
08/22/2012 Customer Dispute – Settled
11/29/2002 Customer Dispute – Denied
06/12/2002 Customer Dispute – Denied
07/30/2001 Customer Dispute – Settled

Current and Previous Registrations

06/2009 – PRESENT MORGAN STANLEY (CRD# 149777) – MIAMI BEACH, FL
04/2009 – 06/2009 MORGAN STANLEY & CO. INCORPORATED (CRD# 8209) – MIAMI, FL
07/2004 – 04/2009 MORGAN KEEGAN & COMPANY, INC. (CRD# 4161) – NORTH MIAMI BEACH, FL
09/1998 – 08/2004 PFIC SECURITIES CORPORATION (CRD# 34941) – FRANKLIN, TN
07/1998 – 09/1998 CAL FED INVESTMENTS (CRD# 19631) – SACRAMENTO, CA

FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.

If you suffered losses investing with Armando Fernandez and would like a free consultation with a securities attorney, then please call Galvin Legal at 1-800-405-5117.

Galvin Legal is a national securities arbitration, mediation, fraud, and investor protection law practice. For more information on Galvin Legal, please visit www.galvinlegal.com or call 1-800-405-5117.