Gabriel Yanez Jr., of Newport Beach, California, a stockbroker formerly registered with Raymond James And Associates, Inc., has been named in a customer initiated investment related arbitration claim on April 12, 2017, in which the customer requested $700,000.00 in damages based upon allegations that Yanez engaged in deceptive trade practices, negligently handled the customer’s investment account, breached his fiduciary and contractual duties to the customer, effected investment transactions that were not suitable for the customer, and committed fraud.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Yanez has been identified in four other customer initiated investment related disputes containing allegations of Yanez’s misconduct while employed with Sagepoint Financial, Inc., WM Financial Services, Inc and First Wall Street Corp. Specifically, on August 14, 2001, a customer filed an investment related written complaint involving Yanez’s conduct, in which the customer requested $5,305,000.00 in damages based upon allegations of unsuitability and misrepresentation in reference to the customer’s variable annuity purchases.
Additionally, on July 26, 2002, a customer filed an investment related written complaint regarding Yanez’s activities, in which the customer requested $35,658.06 in damages based upon allegations that he made unsuitable recommendations to the customer concerning a corporate bond investment. Subsequently, on August 23, 2005, a customer initiated investment related written complaint involving Yanez’s conduct was settled for $20,905.65 in damages founded on allegations that Yanez failed to detail the penalties and risks of withdrawing funds from annuities issued by Fidelity Guarantee Life and Allianz. Moreover, on December 27, 2010, a customer initiated investment related written complaint regarding Yanez’s activities was resolved for $10,000.00 in damages based upon allegations that he recommended real estate investment trust products that were not suitable for the customer.
Guiliano Law Group
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