July 2021 – Greenlawn, NY
The FINRA records of Christopher Anthony Fernan , a currently unregistered stockbroker who was last employed by Salomon Whitney Financial , disclose 2 regulatory events, a criminal event, 1 pending customer dispute, 6 prior customer disputes , a termination from employment and 2 outstanding judgment liens.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
IN 10/2020 FINRA permanently barred Fernan from the industry after Fernan failed to appear for on-the-record-testimony in connection with a FINRA investigation related to a customer complaint.
In 6/2017, FINRA suspended Fernan as a result of his failure to respond to FINRA request for information in connection with a FINRA investigation.
According to his FINRA record in 1983 Fernan was convicted of a violation of Article 128/134 of the Uniform Code of Military Justice, simple assault/assault with intent to rob, while in the US Marine Corp.
In 5/2019 a customer of Salomon Whitney Financial was paid $65,000 to resolve allegations that Fernan committed fraud, breached his fiduciary duty and made unsuitable recommendations. FINRA Case 18-2182.
In 4/2019 a customer of Salomon Whitney Financial was paid $20,000 to resolve allegations that Fernan churned his account, made unsuitable recommendations and traded without authority. FINRA Case 18-906.
In currently pending FINRA Case 15-1069 a customer of Freedom Investors Corp. alleges numerous violations of FINRA rules and seeks damages in excess of $90,000.
Fernan worked for Salomon Whitney from 12/2015-2/2017. In February of 2017, Chris Fernan was discharged by Salomon Whitney as a result of allegations that “a client informed us that Chris had borrowed $11,500 from him and produced a signed receipt from Chris.”
Prior to that Fernan was employed by Rockwell Global Capital and Freedom Investors Corp. Fernan discloses business affiliations with Private Client Real Estate and Private Client Insurance Group.
If you have problems in an account handled by Chris Fernan call for a no charge consultation to learn about FINRA arbitration .
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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