Last Updated: April 2024 (Houston, Texas)
Gihan Fernando Investigation Summary
Here’s what you need to know about Houston, Texas, stockbroker Gihan Anil Fernando:
- Name: Mr. Gihan Anil Fernando
- Current Employer: Cetera Investment Services
- Previous Firms: BOK Financial Securities, BOK Financial Advisors (RIA) Morgan Stanley Dean Witter
- Function: Stock Broker/ Financial Advisor
- Aliases: Raphael Fernando, Gihan Fernando, Gihan Raphael Fernando
- Primary Location: Houston, Texas
- CRD 4469669
- Can Gihan Fernando be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Thirty-Three Prior Customer Settlements Totaling: $3.4 million
- Two Pending Customer Disputes Seek Damages of $197,854
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Gihan Fernando As Your Stockbroker?
Gihan Fernando discloses the settlement of 33 prior customer disputes. The total amount paid to former customers of BOK Financial Securities exceeds $3.4 million. These complaints, most of which were settled in 2023, largely relate to the misrepresentations made by Gihan Fernando during the sales process of alternative investments, including real estate investment trusts (REITs) and business development companies (BDCs) during the 2014-2018 time period.
Two customer complaints remain pending and both allege that Gihan Fernando misrepresented real estate investment products during the sales process. Total damages sought are $197,854.
Gihan Fernando was employed by BOK Financial Securities from 3/2003-11/2023. In 1/2024 he joined Cetera Investment Services.
[LEARN MORE]: See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Gihan Fernando
Customers of Gihan Fernando have alleged the following wrongdoing in connection with the handling of customer accounts:
- Misrepresented Alternative Investments during the sales process
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
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.
Who is BOK Financial Securities?
According to their website, Bok Financial Securities has a century of investment banking experience and has delivered investment banking expertise since 1919. Their FINRA CRD #17530 indicates the company is headquartered in Tulsa, Oklahoma. Brett Alan Dean is President snd Scott Bradley Grauer is listed as CEO, Chairman. The company is mostly owned by BOK Financial Corporation (BOKF) , which trades publicly on NASDAQ.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Gihan Fernando, or any other broker at BOK Financial Securities, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
