Christopher Anthony Fernan, of Melville, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations of his failure to provide FINRA with a response to a request for information about Fernan’s business activities. Case No. 2017053314901 (May 22, 2017). FINRA indicated that Fernan will be permanently barred in all capacities by September 11, 2017, if he does not request to have his suspension lifted by then.
FINRA Public Disclosure confirms that a customer filed an investment related arbitration claim involving Fernan’s conduct, in which the customer sought $7,500.00 in damages supported by accusations that Fernan failed to pay the customer back according to a customer loan. FINRA Arbitration No. 17-00762 (Mar. 23, 2017). Fernan has also been identified in two prior customer arbitration claims, wherein customers have collectively sought $162,680.00 founded upon allegations of suitability. FINRA Arbitration No. 15-00209 (Feb. 4, 2015), No. 15-01069 (May. 4, 2015).
Salomon Whitney fired Fernan on February 17, 2017 based upon allegations of his improper lending arrangements.
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