Christopher Anthony Fernan, of Melville, New York, a stockbroker registered with Salomon Whitney Financial, was terminated from employment on February 17, 2017, based upon allegations that he entered into an unauthorized loan arrangement with a firm customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Fernan has been named in three customer initiated investment related disputes pertaining to allegations of Fernan’s wrongdoing while he was associated with Freedom Investors Corp. and Salomon Whitney. Specifically, on February 4, 2015, a customer filed an investment related arbitration claim involving Fernan’s conduct, where the customer requested $72,000.00 in damages based upon allegations that Fernan effected an options trade that was not suitable for the customer.
Subsequently, on May 4, 2015, a customer filed an investment related written complaint regarding Fernan’s activities, in which the customer sought $90,680.00 in damages supported by allegations that Fernan engaged in conduct violative of FINRA Rules 3010, 2111, 2120, and 2110; Fernan was alleged to have effected unsuitable options investments in the customer’s account. Further, Fernan was named in a customer initiated investment related arbitration claim on April 24, 2017, wherein the customer requested $7,500.00 in damages based upon allegations that Fernan failed to fully repay the customer pursuant to the terms of a loan arrangement.
Since June 20, 2011, Fernan has been associated with five different broker dealers, three of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
Christopher Anthony Fernan, of Melville, New York, a stockbroker registered with Salomon Whitney Financial, was terminated from employment on February 17, 2017, based upon allegations that he entered into an unauthorized loan arrangement with a firm customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Fernan has been named in three customer initiated investment related disputes pertaining to allegations of Fernan’s wrongdoing while he was associated with Freedom Investors Corp. and Salomon Whitney. Specifically, on February 4, 2015, a customer filed an investment related arbitration claim involving Fernan’s conduct, where the customer requested $72,000.00 in damages based upon allegations that Fernan effected an options trade that was not suitable for the customer.
Subsequently, on May 4, 2015, a customer filed an investment related written complaint regarding Fernan’s activities, in which the customer sought $90,680.00 in damages supported by allegations that Fernan engaged in conduct violative of FINRA Rules 3010, 2111, 2120, and 2110; Fernan was alleged to have effected unsuitable options investments in the customer’s account. Further, Fernan was named in a customer initiated investment related arbitration claim on April 24, 2017, wherein the customer requested $7,500.00 in damages based upon allegations that Fernan failed to fully repay the customer pursuant to the terms of a loan arrangement.
Since June 20, 2011, Fernan has been associated with five different broker dealers, one of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
