Goodman & Nekvasil P.A., May Recover Investor Losses – Hernan Oswin Bermudez (Hernan Bermudez) Fired by Wells Fargo Advisors, LLC
From February 2011 until Hernan Bermudez’s firing in November 2015, Hernan Bermudez was licensed with Wells Fargo Advisors, LLC. According to FINRA’s records, Hernan Bermudez was fired by Wells Fargo Advisors, LLC on November 6, 2015. Wells Fargo Advisors, LLC reported to FINRA that Hernan Bermudez was accused of not following Bank’s procedures relating to the opening of business bank accounts. Specifically, Wells Fargo Advisors, LLC reports that Hernan Bermudez relied upon information received by email instead of speaking with or meeting with the account owners.
FINRA reports that two lawsuits were filed involving Hernan Bermudez’ conduct with Wells Fargo Advisors, LLC, alleging Hernan Bermudez misrepresented material facts with the intent to deceive and defraud plaintiff into doing business with a co-defendant and/or that Hernan Bermudez aided and abetted in conversion of funds by a third party by opening bank account where conversion took place with the knowledge that it would be used for fraudulent deals. These lawsuits involving Hernan Bermudez’s conduct with Wells Fargo Advisors, LLC settled for $40,000,000 and $1,100,000.
FINRA also reports that a lawsuit involving Hernan Bermudez’s conduct with Wells Fargo Advisors, LLC, is currently pending. This lawsuit alleges that Hernan Bermudez made fraudulent and negligent misrepresentations about assets held and successful financing deals that a third party completed, and led plaintiffs to make a number of deposits of funds into the third party’s Bank account, which the third party then converted. This pending lawsuit seeks $162,000,000 in damages.
If you lost any money on investments with Hernan Bermudez, you may be able to recover your losses from Wells Fargo Advisors, LLC. This is because Wells Fargo Advisors, LLC had a duty to supervise Hernan Bermudez.
If you lost money on investments with Hernan Bermudez and believe that 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 Wells Fargo Advisors, LLC concerning Hernan Bermudez’ 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 $300 million on behalf of victimized investors. If you lost money on investments with Hernan Bermudez 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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