National investment loss lawyers KlaymanToskes is investigating Manuel Fernandez of Truist Investment Services, Inc. (CRD #3079976).
Manuel Fernandez of Truist Investment Services, Inc., based in Coral Gables, Florida, is under investigation for allegedly recommending high risk and unsuitable investments in Northstar Financial Services to his clients, without adequately disclosing the associated risks or the potential for loss of their capital.
Investors that suffered losses with Manuel Fernandez (Truist Investment Services, Inc.) are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Manuel Fernandez, a registered representative of Truist Investment Services, Inc., based in Coral Gables, Florida, since 2003, is facing allegations from his customers. The customers claim that both the firm and the broker failed to adequately disclose the risks involved with their investments.
The allegations center around the clients’ claim that they were not sufficiently informed of the risk that their principal investment might not be returned. Furthermore, they assert that the firm and Fernandez did not adequately disclose that they were advocating for an offshore investment that did not come with the protections inherent to U.S.-based investments.
The firm and Fernandez allegedly did not disclose in any significant way that the clients’ capital was at risk due to a potential failure of Northstar Financial Services Ltd. The accusations also encompass the claim that Fernandez recommended the clients to make a substantial investment in Northstar Financial Services Ltd., a strategy that only served to heighten the risks to which the clients were unknowingly exposed.
This high-risk and unsuitable investment strategy has been called into question, with some suggesting that the firm and Fernandez’s solicitation of Northstar Financial Services Ltd. could be due to the high level of commissions for the sale of the investments that the broker may have received.
Manuel Fernandez has been a registered representative of Truist Investment Services, Inc. since 2003. He is currently facing four customer complaints, one seeking $1 million in damages, one from January 2022 seeking $576,000 in damages, one seeking $5,000 in damages, and one from October 2020 seeking $1,000,000 in damages.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against Manuel Fernandez. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with Manuel Fernandez, or have concerns regarding your investment portfolio at Truist Investment Services, Inc., contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.