Investor Seeks Six Figures in Manny Fernandez Dispute
Manny Fernandez (CRD #: 3079976), a broker registered with Truist Investment Services, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on April 22, 2022. Keep reading if you want to know more about Manny Fernandez’s conduct as a broker.
Allegations of Unsuitable Investment Recommendations
In a dispute filed on January 14, 2022, an investor alleges that Manny Fernandez gave them unsuitable investment recommendations. They seek $576,000 in this pending dispute.
On October 12, 2021, another investor alleged that Manny Fernandez recommended an unsuitable investment. The dispute is pending.
On October 27, 2020, multiple investors alleged that Manny Fernandez made unsuitable investment recommendations. They sought $1,000,000 in damages and received a $300,000 settlement.
FINRA Rule 2111
FINRA Rule 2111 defines suitable investments as matching an investor’s profile. Investors’ profiles contain information such as their age, risk tolerance, and other investments.
Investors who believe their losses stem from unsuitable investment recommendations may be able to recover their money through FINRA arbitration.
Manny Fernandez has passed the following exams:
- Series 65 – Uniform Investment Adviser Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Manny Fernandez is a registered broker in 12 states and the District of Columbia. He is also a registered investment adviser in Florida and Texas.
He has also worked for the following firms:
- Suntrust Investment Services (CRD#:17499)
- Morgan Stanley DW (CRD#:7556)
- UBS Painewebber (CRD#:8174)
Kurta Law Can Help
If you worked with Manny Fernandez and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.