Christopher Anthony Fernan has been barred in connection to a matter that originated from a review of a customer complaint disclosed by his former employer, Salomon Whitney in February 2017. If you are a Christopher Fernan investor, you should be aware that Fernan failed to appear for an on-the-record testimony requested by Financial Industry Regulatory Authority (FINRA) in connection to the customer complaint. Fernan was sanctioned by FINRA for refusal to appear for testimony, according to a Letter of Acceptance, Waiver and Consent, under review by attorney Alan Rosca.
Investor rights attorney Alan Rosca of Rosca Scarlato, PC firm, is investigating the alleged conduct related to various customer disputes involving Christopher Fernan on the allegations, among others, of unsuitable investments, breach of contract, and fraud. Christopher Fernan investors are encouraged to contact an investor rights attorney, Alan Rosca to discuss their case. Call 888-998-0530, via email at arosca@rscounsel.law, or fill out the contact form on this page.
Christopher Fernan Has Been Sanctioned by FINRA for Failure to Appear For On-The-Record Testimony
On September 9, 2020, FINRA staff sent a request to Christopher Anthony Fernan for on-the-record testimony in connection to a review of a customer complaint disclosed by his former employer, Salomon Whitney Financial, according to publicly released documents by FINRA.
On October 7, 2020, Fernan allegedly acknowledged that he received the FINRA request and will not appear for on-the-record testimony at any time. Without admitting or denying the findings from the previous customer complaint in 2017, Fernan agreed and signed the Letter of Acceptance, Waiver and Consent form, and he has been barred from associating with any FINRA member in any capacity.
Concerned about investments with
Many Customer Complaints Involving Christopher Fernan
According to Christopher Fernan’s Brokercheck page, Fernan has at least five customer complaint disclosures involving him.
In 2015, a customer filed a FINRA complaint requesting $90,680 in damages.
In February 2017, a customer filed a complaint for allegedly loaning Fernan money in the amount of $11,500 and Fernan paid back $4,500, according to his Brokercheck page. The customer requested $7,500 for alleged damages and was awarded $1,625. Furthermore, Fernan was terminated by Salomon Whitney in February 2017 for allegedly borrowing $11,500 from a customer and producing a signed receipt.
In March 2018 another Christopher Fernan investor filed a complaint for $100,000 in alleged damages of fraud, unsuitability, excessive trading, churning, breach of fiduciary, and breach of contract. The customer received a settlement of $20,000 in April 2019, according to Fernan’s Brokercheck page.
In June 2018, another customer filed a complaint for similar allegations of fraud, unsuitability, breach of fiduciary duty, breach of contract, negligence, and deceptive practices. The customer requested $154,000 in alleged damages and received a settlement of $65,000 in May 2019.
In December 2019, a customer filed a case against Fernan’s employer at the time, Salomon Whitney Financial for alleged unsuitable investments and investment strategy, breach of duty to provide information, failure to supervise, vicarious liability, breach of contract, violation of securities regulatory rules, common law claims, and breach of fiduciary duty. The customer requested $50,000 in alleged damages. Salomon Whitney was found liable and ordered to pay the customer $22,757.08 in compensatory damages, according to FINRA’s publicly available award.
Christopher Fernan investors are encouraged to contact the attorneys at Rosca Scarlato for a free, no-hassle consultation where you can share your experience working with broker Christopher Fernan. You can reach attorney Alan Rosca by sending an email to arosca@rscounsel.law, filling out the evaluation form on this page, or calling 888-998-0530 to tell your story and jumpstart the investigation into your case.
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Christopher Fernan Switched Employers Five Times in Five Years
Christopher Anthony Fernan entered the securities industry in 2011. Fernan was previously registered with Wells Fargo Advisors, LLC from June 2011 until September 2011. In February 2012, Fernan was registered with Global Arena Capital Corp, until April 2013. Global Arena Capital Corp was expelled by FINRA on January 4, 2016.
From April 2013 until June 2014, Fernan was registered with Freedom Investors Corp. From June 2014 until November 2015, he was registered with Rockwell Global Capital LLC until he joined his last employer, Salomon Whitney Financial in December of 2015 until February 2017 when he was barred by FINRA, according to his Brokercheck page.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
What Your Options Are If You Were a Christopher Fernan Investor and Believe You Suffered Losses
What Your Options Are If You Were a Christopher Fernan Investor and Believe You Suffered LossesThe investor rights attorneys at Rosca Scarlato LLC law firm have decades of experience working with investors who have trusted their savings with their investment advisor or broker only to have them unnecessarily misuse their funds. Alan Rosca and his fellow attorneys are currently investigating Christopher Fernan’s customer dispute disclosures alleging unsuitability, misrepresentations, and customer complaints.
Christopher Fernan investors are encouraged to reach out to attorneys at Rosca Scarlato for a free, complimentary consultation where you can share your experience working with the former Salomon Whitney Financial broker.
Please note that the attorneys at Rosca Scarlato take most of their cases on a contingency fee basis, which means the firm’s lawyers advance the costs associated with representing investors, do not require any money down, and only get paid for their fees and expenses at the conclusion of the case, if they are successful. We only get paid if we win.