Last Updated: January 2024 (San Antonio, Texas)
Hector Hernandez Investigation Summary
Here’s what you need to know about San Antonio, TX, stockbroker Hector Hernandez:
- Name: Mr. Hector Jesus Hernandez
- Current Employer: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
- DBA: Hector Hernandez Financial Strategies, HP Advisors, Elicoins.com
- Previous Firms: Peak Brokerage Services, Money Concepts Capital Corp., NEXT Financial Group
- Function: Stock Broker/ Financial Advisor
- Aliases: Hector Hernandez
- Primary Location: San Antonio, TX
- CRD 4654126
- Can Hector Hernandez be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Terminated by a prior employer: Yes
- Pending Customer Dispute For Variable Annuity Switching
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Hector Hernandez As Your Stockbroker?
A former customer of Money Concepts Capital filed a FINRA arbitration in 2/2022 alleging that Hector Hernandez made an unsuitable recommendation to switch annuities and failed to disclose a commission sharing arrangement with an accountant. Damages are not yet specified in this currently pending matter.
In 11/2023 FINRA permanently barred Hector Hernandez from the securities industry for refusing to appear for on the record testimony requested by FINRA in connection with its investigation into his potential failure to disclose an outside business activity to his firm.
Allegations of Broker Misconduct Against Hector Hernandez
A customer of Hector Hernandez has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to Switch Annuities
- Breach of Contract
- Violation of FINRA Rules
- Failure to Disclose Commission Sharing Arrangement
See this for information on Variable Annuity Switching
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Hector Hernandez, 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.
