El Paso, Texas
According to FINRA records, Miguel A. Hernandez , a broker who was formerly registered with Thrivent Investment Management in El Paso, Texas , has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
Without admitting or denying findings, Hernandez consented to the sanction and to the entry of findings that he obtained $25,000 in cash from an elderly customer he met at church under false pretenses and converted the funds to personal use. Mr. Hernandez promised the elderly woman a stake in his purported tax business. After the misconduct was discovered, he repaid the elderly lady.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Hernandez was registered with Thrivent Investment Management from 11/2003 until 5/2015 when he was discharged after the company discovered the misconduct.
If you have questions about a brokerage account handled by Miguel A. Hernandez , call to discuss your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900