DID FERMIN ALBERTO MESINA CAUSE YOU INVESTMENT LOSSES?
Fermin Mesina Of Osaic Institutions, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Fermin Mesina of Osaic Institutions, Inc.?
Fermin Mesina (CRD #4619199) , currently employed at Osaic Institutions, Inc. in Chula Vista, CA, exhibits a professional history marked by a series of transitions across various firms which could indicate potential issues with stability or compliance. His career began in 2003 and has involved registrations with multiple firms including Insight Securities, Inc., and J.P. Morgan Securities LLC. Although he is registered in four states and has passed two general industry/product exams and one state securities law exam, the absence of any principal/supervisory exams raises questions about his capacity for oversight roles. His diverse employment history, although extensive, coupled with recent financial and customer-related disclosures, casts a shadow on his reputation in the financial services industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Fermin Mesina Customer Complaints and Reviews
Mesina’s career has been tarnished by multiple negative disclosures that include financial issues and customer disputes:
- Breach of Contract and Negligence (Settled 2023): Involved an annuity product with alleged damages of $350,000, where the client accused Mesina of not performing adequate due diligence and the case settled for $300,000. This substantial settlement highlights serious lapses in his professional conduct.
- Due Diligence Failure (Pending 2023): Another pending dispute claims Mesina concentrated a large portion of the client’s net worth into an offshore annuity without sufficient due diligence, seeking damages between $500,000 and $1,000,000. This ongoing case further questions his judgment and adherence to industry standards.
Allegations Against Fermin Mesina
The allegations against Fermin Mesina center on significant and concerning aspects of his professional conduct:
- Lack of Adequate Due Diligence: Mesina has been repeatedly accused of failing to perform sufficient due diligence, particularly concerning investments in annuities that led to substantial client losses.
- Mismanagement of Client Funds: The allegations imply a pattern of mismanagement of client funds, particularly in how he handled large investments, which resulted in significant financial settlements and ongoing disputes.
- These allegations and the related financial consequences underscore critical concerns about Mesina’s reliability and ethical standards as a financial advisor.
Fermin Mesina Red Flags & Your Rights As An Investor
Of course, Fermin Mesina 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 Fermin Mesina at Osaic Institutions, Inc. on alert to review carefully the activity and performance of their accounts and question whether Fermin Mesina has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Osaic Institutions, Inc. 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 Osaic Institutions, Inc. Due To Fermin Mesina
If you have questions about Osaic Institutions, Inc. and/or Fermin Mesina 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.
Rate this Post
Loading...