Andres Fernandez-Salvador (CRD #5868791) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Andres Fernandez-Salvador (CRD #5868791) was previously registered as a broker and has a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on February 10, 2026. It reflects one customer dispute. If you invested with Andres Fernandez-Salvador and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Andres Fernandez-Salvador’s FINRA BrokerCheck report reflects one customer dispute disclosure. A summary of the dispute is below:

On December 11, 2025, a claimant filed a claim with the American Arbitration Association (AAA). FINRA BrokerCheck says the firm received it on the same date. The statement of claim asserts various causes of action related to the former client’s account. The matter is pending, and the claimant seeks $1,400,000 in alleged damages. BrokerCheck lists the product type as options and lists Wealth Enhancement Advisory Services as the employing firm when the activity occurred. The firm denied the claims and said it will defend the matter. Andres Fernandez-Salvador’s broker statement says he vehemently denies the allegations.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a broker to have a reasonable basis for recommendations and to match them to a customer’s profile. Investor disputes often focus on whether the strategy fit the customer’s objectives, risk tolerance, and liquidity needs.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires members and associated persons to observe high standards of commercial honor and just and equitable principles of trade. Customer claims may raise questions about whether communications and account activity met that standard.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.
2. Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.
3. Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.
4. Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Andres Fernandez-Salvador:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Andres Fernandez-Salvador has also passed Series 7 and Series 66.

Was previously registered with firms that include Charles Schwab & Co., Inc., J.P. Morgan Securities LLC, PNC Investments, Morgan Stanley Smith Barney, and Edward Jones.

Kurta Law Can Help

If you have worked with Andres Fernandez-Salvador and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Options Trading | Unsuitable Investments

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.