The securities fraud attorneys at Meyer Wilson are currently investigating claims against broker Armando Fernandez (CRD# 3079602).
According to the Financial Industry Regulatory Authority (FINRA), Morgan Stanley broker Armando Fernandez (CRD# 3079602) has been suspended from association with any FINRA member for 20 business days and has been fined $7,500. Fernandez signed a Letter of Acceptance, Waiver and Consent on May 20, 2016. He has been a registered representative of Morgan Stanley in Miami Beach, Florida since 2009.
According to FINRA, Fernandez violated industry rules when he exercised trades from May 31 to June 12, 2012 in a customer’s account without written authorization from his customer. FINRA also alleged that he mismarked order tickets as unsolicited in March 2012, when they were in fact solicited.
According to his BrokerCheck report provided by FINRA, Fernandez has been the subject of five different customer complaints from 2001 to 2016. One complaint is currently pending regarding allegations of unsuitability, breach of fiduciary duty, and negligence.
If you lost money investing with Morgan Stanley broker Armando Fernandez, contact our securities fraud attorneys at Meyer Wilson today. We provide free consultations to discuss any potential claim, and we handle our cases on a contingency fee basis, so you won’t be charged any fees unless we can help you recover your losses.