The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Alex Herrera. According to his publicly available FINRA BrokerCheck report, Alex Herrera has been the subject of multiple customer disputes.
Alex Herrera was a Florida based securities broker. He worked in the securities industry for eighteen years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- MML Investors Services (1999-2002)
- Citicorp Investment Services (2002-2005)
- Atlas One Financial Group (2005-2006)
- HSBC Securities (2006-2012)
- UBS Financial Services (2012-2018)
The Allegations
- In May 2018, an attorney, on behalf of a customer, alleged that Alex Herrera converted their customer’s funds to buy a vacation home.
- Alex Herrera was sanctioned by FINRA in August 2018. During an investigation into Herrera’s possible participation in unreported outside business activities and private securities transactions, he allegedly refused to provide information that FINRA had requested. Due to these allegations, he was barred by FINRA from acting as a securities broker in any fashion.
- In October 2018, customers alleged that Alex Herrera exercised impermissible discretion in their accounts, engaged in unapproved private securities transactions, and stole their money.
- In April 2019, a customer’s husband alleged that Alex Herrera converted customer funds. This case was settled for $137,500 in damages.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker negligence and/or fraud. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Alex Herrera, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.
