Miguel Angel Hernandez was barred from the brokerage industry by the Financial Industry Regulatory Authority (FINRA) after allegedly lying to a woman he met in church in order to take $25,000 from her. Mr. Hernandez told the elderly customer he needed $25,000 to cover expenses associated with his tax business. In reality, he did not have a tax business, and used her money for himself. Hernandez promised the woman a two percent stake in the fake tax business after five years of operation, and quarterly payments of $1,081.56 for at least three years, and as many as 10. Hernandez was registered with Thrivent Investment Management in El Paso, Texas from May 2004 until May 2015. He is not currently licensed within the industry and has been permanently barred by FINRA.
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