Frank Briseno of Metairie, Louisiana, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled on July 21, 2020 for $3,500,000.00 in damages based upon allegations that Briseno made unsuitable recommendations concerning the sale of variable annuities and real estate securities during the course of his association with FSC Securities Corporation. FINRA Arbitration No. 19-02029 (July 23, 2019)
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Briseno is referenced in two other customer initiated investment related disputes concerning Briseno’s conduct while associated with securities broker dealers, including FSC Securities Corporation. On October 26, 2017, a customer filed an investment related complaint involving Briseno’s conduct in which the customer requested $5,000.00 in damages based upon allegations that Briseno made misrepresentations in connection with the recommendation and sale of variable annuities, corporate bonds, common stocks, preferred stocks, money market funds, and real estate securities when Briseno was associated with FSC Securities Corporation.
On May 6, 2020, another customer filed an investment related complaint involving Briseno’s conduct in which the customer requested $100,000.00 in damages based upon allegations that Briseno made unsuitable recommendations relating to the sale of variable annuities and real estate securities when Briseno was associated with FSC Securities Corporation.
Both complaints were denied by his employer.
Frank Briseno has been associated with FSC Securities Corporation since January 7, 2004.
