Armando Fernandez Financial Advisor/Broker Armando Fernandez Previously Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losse
Armando Fernandez is a currently licensed financial advisor with American Portfolios Financial Services, Inc. According to FINRA, Armando Fernandez was suspended from the securities industry for 20 days and fined $7,500 in August 2016.
According to the FINRA Complaint:
Armando Fernandez consented to the sanctions and to the entry of findings that Armando Fernandez 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 Armando Fernandez mismarked order tickets as unsolicited when, in fact, the trades were solicited, thereby causing the firm to maintain inaccurate books and records.
According to Armando Fernandez’ BrokerCheck Report:
A customer dispute was recently filed alleging sales practice violations against Armando Fernandez. Allegations in the complaint include: unsuitability, breach of fiduciary duty, negligence, breach of contract, violations of FINRA Rules 2010, 2020 & 2111. This customer dispute was settled for $28,000.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Armando Fernandez and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Armando Fernandez’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Armando Fernandez and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 1/21/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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