The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Fernando Gonzalez. According to his publicly available FINRA BrokerCheck report, Fernando Gonzalez is the subject of a pending customer dispute.

Fernando Gonzalez was a Pennsylvania based securities broker. He worked in the securities industry for ten years. During his career, he was registered with two different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Merrill Lynch (2008-2014)
  • PNC Investments (2014-2018)

The Allegations

In June 2016, multiple customers alleged that Fernando Gonzalez engaged in fraud, made material misrepresentations, converted customer funds, and breached his fiduciary duty. This case is currently pending. The customer is seeking $6.5 million in damages.

What Does This Mean?

Securities brokers have an obligation to their customers to always act in their best financial interests. The only reason that the relationship between brokers and investors even exists is because of trust. The reason that this trust exists is because investors know that brokers are bound by their fiduciary duty to always act in their best interests. Brokers who breach this duty work toward the erosion of that trust, as well as the eventual downfall of the broker/investor relationship.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost funds 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 Fernando Gonzalez, 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.