Stoltmann Law Offices is investigating Armando Fernandez, a registered broker with Morgan Stanley in Miami Beach, Florida. Fernandez was recently fined $7,500 and suspended for 20 business days by the Financial Industry Regulatory Authority (FINRA). He allegedly traded in a customer account and exercised discretion without the client’s written authorization and without obtaining the member firm’s prior written acceptance of the account as discretionary. Fernandez also allegedly mismarked order tickets as unsolicited, when, in fact, the trades were solicited, causing inaccurate books and records to be maintained. These are all against securities rules and regulations.
According to his online FINRA BrokerCheck report, Fernandez was registered with Cal Fed Investments in San Francisco, California from July 1998 until September 1998, PFIC Securities Corp in Franklin, Tennessee from September 1998 until August 2004, Morgan Keegan in North Miami Beach, Florida from July 2004 until April 2009, Morgan Stanley in Miami, Florida from April 2009 until June 2009 and Morgan Stanley in Miami Beach, Florida from June 2009 until August 2016. He has five customer disputes against him, one of which is currently pending. He is not licensed within the industry.
If you or someone you know invested money with Armando Fernandez, and would like to talk to an attorney about your options of suing his firm, Morgan Stanley, for losses, please call 312-332-4200 today. The call to us is free and we take cases on a contingency fee basis only, which means we only get paid if you recover your money. There is no obligation.
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