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Francisco Javier Fernandez Leon with Cetera Investment Services LLC Has 7 Customer Complaints For Alleged Broker Misconduct In the The Past 3 Years

Who is Francisco J. Fernandez Leon with Cetera Investment Services LLC?

Francisco Leon (CRD #5648271) who is currently registered with Cetera Investment Services LLC and located in Miami, Florida is a subject of one of our many securities industry sales practice abuse investigations. Prior to Cetera Investment Services LLC, Francisco Leon was associated with Oriental Financial Services Corp. and 1 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Oriental Financial Services Corp. Broker Misconduct

In his career, Francisco Leon has been the subject of 7 customer complaints that we know about, 5 of those complaints were filed in the last two years to recover investment losses. All of those customer complaints arose in connection with his employment at Oriental Financial Services Corp. One of Francisco Leon’s 7 customer complaints was settled in favor of investors. One customer complaint was denied by his former employer and the customer took no further action. There are currently 5 pending customer complaints filed against Francisco Leon’s former employer Oriental Financial Services Corp. for investment losses caused by his alleged misconduct.

Allegations Against Francisco Leon

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Client alleges misrepresentation and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, fraud, and negligence.
  • Customer alleges misrepresentation, over-concentration, unsuitable investment recommendations purchased Puerto Rico municipal bonds.
  • Claimant alleges over-concentration in Puerto Rico holdings. Further, he alleges misrepresentation and unsuitable recommendations, breach of fiduciary duty, breach of contract, and negligence.

Francisco Leon Red Flags & Your Rights As An Investor

Of course, Francisco Leon did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Francisco Leon at Cetera Investment Services LLC and Oriental Financial Services Corp. on alert to review carefully the activity and performance of their accounts and question whether Francisco Leon has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints about Francisco Leon at Oriental Financial Services Corp. also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Cetera Investment Services LLC and Oriental Financial Services Corp.

If you have questions about Cetera Investment Services LLC, Oriental Financial Services Corp. and/or Francisco Leon and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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