Ariel Hernandez – Financial Advisor Ariel Hernandez Discharged by Liberty Financial Services, LLC | Goodman & Nekvasil P.A, May Recover Investor Losses
Ariel Hernandez CRD #2684424
From 2010 until Ariel Hernandez’ firing in 2013, Ariel Hernandez was licensed with Liberty Financial Services, LLC. According to FINRA’s records, Ariel Hernandez was fired by Liberty Financial Services, LLC on November 27, 2013. Liberty Financial Services, LLC reported to FINRA that Ariel Hernandez’ firing related to allegations from a client that Ariel Hernandez wired money 12 times from the client’s fee based brokerage account to Ally bank. According to Liberty Financial Services, LLC, that money was then wired to Ariel Hernandez’ personal account without the client’s knowledge or permission.
Following Ariel Hernandez’ firing by Liberty Financial Services, LLC, FINRA investigated Ariel Hernandez and brought a disciplinary action against Ariel Hernandez. Ariel Hernandez was permanently barred from the securities and investment banking industry on January 22, 2014. FINRA began an investigation into matters alleged in a Form U5 filed by Ariel Hernandez’ member firm concerning allegations against Ariel Hernandez. FINRA reports that during the course of its investigation, FINRA requested documents and information from Ariel Hernandez, and requested that Ariel Hernandez appear for on-the-record testimony. According to FINRA, Ariel Hernandez’ firm filed the Form U5 with FINRA that stated Ariel Hernandez was discharged because of allegations from a client that Ariel Hernandez wired money several times from the client’s fee based brokerage account to a bank. FINRA reports that money was then wired to Ariel Hernandez’ personal account without the client’s knowledge or permission. According to FINRA, the Form U5 also disclosed a pending customer dispute concerning the same allegations, which also indicated that the alleged compensatory damages amount was $158,000.
FINRA reports that two arbitration claims were filed involving Ariel Hernandez’ conduct with Liberty Financial Services and/or Summit Brokerage Services, Inc. alleging theft and/or that Ariel Hernandez wired money 12 times from a client’s fee based brokerage account to Ally Bank, and that money was then wired to Ariel Hernandez’ personal account without the client’s knowledge or permission. These arbitration claims settled for $198,769.26 and $42,000. FINRA also reports that two previous complaints involving Ariel Hernandez’ conduct were both settled.
If you lost any money on investments with Ariel Hernandez while Ariel Hernandez was employed with Liberty Financial Services, LLC, you may be able to recover your losses from Liberty Financial Services, LLC. This is because Liberty Financial Services, LLC had a duty to supervise Ariel Hernandez.
If you lost money on investments with Ariel Hernandez 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 against Liberty Financial Services, LLC concerning Ariel Hernandez’ 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 $170 million on behalf of victimized investors. If you lost money on investments with Ariel Hernandez 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.
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