The Financial Industry Regulatory Authority (FINRA) recently sanctioned Armando Fernandez, a registered representative with Morgan Stanley in Miami Beach, Florida. He has been accused of churning accounts, misrepresenting material facts, committing fraud, acting negligently, executing unauthorized purchases of an exchange-traded fund, and breaching contract among other things. He was recently alleged to have mismarked order tickets as solicited when the trades were in fact, solicited, causing his firm, Morgan Stanley, to maintain inaccurate books and records. For this, he was suspended for 20 days and fined $7,500. Please call our securities law firm if you experienced losses with Armando Fernandez. We can be reached at 312-332-4200 and attorneys are standing by to take your call for free. There is no obligation. More information regarding Armando Fernandez can be found at the link below.
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