Former Springfield, Illinois broker and investment adviser Dustin Shafer (CRD#: 4198962) has received several settled or pending customer complaints in...Read More
Roberto Fernandez: Miami Rep Allegedly Caused $1.2MM Loss
A pending investor complaint against Miami, Florida broker and investment adviser Roberto Fernandez (CRD# 1404389) alleges losses of more than $1 million. According to Financial Industry Regulatory Authority (FINRA) records, Fernandez is currently registered with Merrill Lynch.
Roberto Fernandez’s BrokerCheck report lists one pending customer complaint and three settled customer complaints against him. The most recent of the four complaints, filed in August 2019, alleges that as a representative of Merrill Lynch he made material misrepresentations and unsuitable recommendations of an investment in municipal bonds. The pending complaint alleges damages of $1,260,000
A complaint filed in 2018 alleged that as a representative of Merrill Lynch, Roberto Fernandez misrepresented and recommended unsuitable government bonds. The complaint reached a settlement in 2020 of $160,000.
A complaint filed in 2017 alleged that as a representative of Merrill Lynch, Roberto Fernandez recommended unsuitable investments, made unauthorized transactions, and misrepresented and omitted material facts between November 2010 and June 2017. The complaint reached a settlement in 2018 of $380,000.
A complaint filed in 2015 alleged that as a representative of Merrill Lynch, Roberto Fernandez made unauthorized transactions, recommended unsuitable investments, and made misrepresentations and omissions of material facts regarding municipal bond products. In 2016 the complaint reached a settlement of $16,550.
Financial Industry Regulatory Authority records show that Roberto Fernandez holds 19 years of experience in the securities industry and is currently registered as a broker with Merrill Lynch in Miami, Florida. His previous registrations include Citigroup Global Markets in San Juan, Puerto Rico. He has passed four state securities examinations: the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the Uniform Investment Adviser Law Examination, or Series 65; and the General Securities Representative Examination, or Series 7. He currently holds ten state securities licenses (Information current as of July 13, 2021.)