DID ANTHONY DAVID FAVELA CAUSE YOU INVESTMENT LOSSES?
About Anthony Favela of Creative Planning?
Anthony Favela (CRD #5165413) has been a registered financial advisor since 2006 and currently serves as an Investment Advisor Representative at Creative Planning. With experience at several reputable firms, he has developed expertise in financial planning and investment advising. Mr. Favela is also affiliated with the U.S. Army National Guard, contributing to his disciplined and client-focused approach.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Anthony Favela Customer Complaints and Reviews
One Customer Dispute noted:
- Date: Complaint received February 12, 2009; resolved September 14, 2009.
- Employer: Citigroup Global Markets Inc.
- Allegations: A client alleged unsuitability in the recommendation of a variable annuity investment in August 2008.
- Damages Claimed: Unspecified.
- Outcome: The claim was denied, with no damages awarded to the client. The advisor maintained that all recommendations were appropriate for the client’s stated financial goals and risk tolerance.
Allegations Against Anthony Favela
Variable Annuity Suitability Dispute:
- Allegation of unsuitability for a variable annuity recommended in August 2008.
- The complaint was submitted in writing, but no arbitration or litigation followed. The firm found no evidence of wrongdoing, and the case was resolved without further action.
Anthony Favela Employment History
- Current Employment:
- Creative Planning (Investment Advisor Representative, January 2013 – Present).
- Previous Employment:
- E*TRADE Capital Management, LLC (2011–2013, Arlington, VA).
- Chase Investment Services Corp. (2009–2011, Northglenn, CO).
- Morgan Stanley Smith Barney LLC (2009, Denver, CO).
- Citigroup Global Markets Inc. (2007–2009, Denver, CO).
- Waddell & Reed, Inc. (2006–2007, Denver, CO).
- Other Affiliations:
- Army National Guard (2009–Present, Austin, TX), unrelated to investment advising.
- Exams Passed: Uniform Combined State Law Examination (Series 66, September 18, 2006).
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors have a fiduciary responsibility to act in their clients’ best interests, prioritizing transparency, suitability, and informed decision-making. This duty requires them to disclose all relevant risks, costs, and potential conflicts of interest related to investments or strategies. Advisors must evaluate a client’s financial goals, risk tolerance, and individual circumstances before making recommendations. By adhering to this ethical standard, advisors foster trust and safeguard their clients’ financial well-being, ensuring long-term relationships built on integrity and accountability.
Option Trading Can Be Extremely Risky
Option trading presents significant risks due to its complexity and potential for high volatility. Strategies like writing uncovered (naked) calls can lead to unlimited losses if the underlying asset’s price rises sharply. Another example is the “iron condor” strategy, which combines multiple positions to capitalize on low volatility but can result in significant losses if market conditions deviate. Advisors must ensure clients fully understand these risks and assess whether such strategies align with their financial goals and risk tolerance. Education and transparency are key to mitigating potential financial harm.
Anthony Favela Red Flags & Your Rights As An Investor
Of course, Anthony Favela 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 Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Anthony Favela has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Anthony Favela
If you have questions about about Creative Planning and/or Anthony Favela 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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