Ruben Fernandez, a broker registered with Stonecrest Capital Markets, is currently entangled in an investor dispute that raises a red flag for anyone with an eye on their financial security.
It was recently made public that Fernandez has a significant number of investor disputes recorded against him—21 to be precise. This is a troubling statistic for any investor looking for reliability and trustworthiness in their financial advisors. One particular dispute that stands out occurred on September 25, 2023. The executors representing former clients of Herbert J Sims & Co. have brought forth allegations that Fernandez misrepresented the nature of Puerto Rico bond investments, seeking restitution to the tune of $1.4 million.
The situation with Puerto Rico bonds is one of particular concern, as many investors were hit hard by the territory’s bankruptcy. These bonds were inherently risky due to Puerto Rico’s unstable financial situation, and it was the duty of brokers to fully disclose these risks to their clients.
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$350 Million for Our Clients Nationwide.
At Meyer Wilson, we have been steadfast advocates for investors for decades, helping them recover investment losses caused by broker and brokerage firm misconduct. Our commitment to our clients is unwavering—we take on cases on a contingency basis, meaning we only receive a fee if we successfully recover funds on your behalf.
If you’ve worked with Ruben Fernandez and have concerns about the handling of your investments, please don’t hesitate to reach out to us. You can contact Meyer Wilson at 866-938-2021 for a free consultation. Our dedicated team is here to ensure that any instance of securities fraud does not go unchecked. Remember, taking prompt action is crucial in the recovery process, and we are here to guide you every step of the way. Visit our website at investorclaims.com to learn more about how we can assist you in safeguarding your investments and pursuing justice.
Recovering Losses Caused by Investment Misconduct.