Palm Desert, California financial advisor Thomas Prentice (CRD# 874774) recently received an investor complaint alleging his conduct resulted in six-figure...
Read MoreMariondy Fernandez: Complaints Against Dorchester Financial Advisor
Settled and pending investor complaints against former Dorchester, Massachusetts broker Mariondy Fernandez (CRD#: 2391134) allege conduct including fraud, breach of fiduciary duty, over-concentration, and more. Fernandez is a former representative of Santander Securities, according to information drawn from Financial Industry Regulatory Authority records.
A pending 2019 complaint alleges violations of securities laws and rules, scalping, over-concentration of securities, negligence, breach of fiduciary duty, breach of duty to engage in fair dealings, failure of supervisory duties, and breach of contract while Mariondy Fernandez was a representative of Santander Securities. The complaint, in which he is not a named respondent, alleges damages between $500,000 and $1,000,000.
A pending 2019 complaint alleges scalping, over-concentration, negligence, suitability violations, breach of contract, and failure to supervise in connection to investments in Puerto Rico open-ended funds while Mariondy Fernandez was a representative of Santander Securities. The complaint, in which he is not a named respondent, alleges damages between $500,000 and $1,000,000.
A pending 2018 complaint alleges violations of securities laws and industry rules, unsuitable investment recommendations, failure to supervise investments in Puerto Rico municipal bonds and bond funds, breach of contract, and breach of fiduciary duty while Mariondy Fernandez was a representative of Santander Securities. The complaint, in which he is not a named respondent, alleges damages between $1,000,000 and $5,000,000.
A 2017 complaint alleged unsuitable investment recommendations, over-concentration, breach of fiduciary duty, negligence, failure to supervise, fraud, violations of securities laws and industry rules, and breach of contract while he was a representative of Santander Securities. The complaint, in which he was not a named respondent, reached a settlement of $190,000.
A 2016 complaint alleged violations of securities laws, over-concentration of investments, unsuitable investment recommendations, fraud, deceit, and breach of fiduciary duties in connection to investments in Puerto Rico bonds and closed-end funds, while he was a representative of Santander Securities. The complaint, in which he was not a named respondent, reached a settlement of $700,000.
A 2016 complaint alleged negligence, breach of fiduciary duty, negligent supervision, and breach of contract while he was a representative of Santander Securities. The complaint, in which he was not a named respondent, reached a settlement of $1,150,000.
A 2015 complaint alleged fraud, recklessness, negligence, and deceit relating to Puerto Rico municipal bond and closed-end fund investments while he was a representative of Santander Securities. The complaint, in which he was not a named respondent, reached a settlement of $510,000.
Mariondy Fernandez is currently not registered as a broker or investment advisor. His employment history includes Santander Securities in Dorchester, Massachusetts; Santander Securities in Corozal, Puerto Rico; Wachovia Securities in St. Louis, Missouri; and Prudential Securities in New York, New York. He currently holds zero state licenses and has passed two securities industry qualification examinations.
