DID FERNANDO A. POHINA CAUSE YOU INVESTMENT LOSSES?
Fernando Pohina Of Osaic Wealth, Inc. And Formerly With Hornor, Townsend & Kent LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Fernando Pohina Of Royal Alliance Associates, Inc.?
Fernando Pohina (CRD #5624328) is currently employed by Osaiс Wealth, Inc. in Bellevue, Washington, since October 30, 2020. He is registered as both a General Securities Principal and a General Securities Representative. Pohina has an extensive registration history across 20 U.S. states and territories. He has passed four industry exams including the General Securities Principal Examination (Series 24), the General Securities Representative Examination (Series 7), the Securities Industry Essentials Examination, and the Uniform Combined State Law Examination (Series 66). Prior to his current role, Pohina was registered with Hornor, Townsend & Kent, LLC, Prudential Financial Planning Services, and AXA Advisors, LLC, indicating a well-rounded experience in financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Fernando Pohina Customer Complaints and Reviews
Fernando A. Pohina has several disclosures:
- Customer Dispute (3 incidents):
- A client alleged incorrect investment action by a third-party manager involving a money market fund, resulting in a dispute settled on June 24, 2020, with Pohina not contributing to the settlement amount of $7,600.55.
- Another dispute involved allegations of misrepresentation in the sale of two variable annuity contracts in 2012, which was settled without any loss to the firm.
- A third dispute where clients were reportedly unaware of contingent withdrawal charges for a variable annuity purchased in 2012 was denied by the firm, with no further actions taken.
- Termination (1 incident):
- Pohina was discharged from Pruco Securities, LLC on September 15, 2014, due to the use of unapproved marketing materials. This termination involved issues surrounding the appropriate use of marketing materials, not directly related to financial mismanagement or client interactions.
Allegations Against Fernando Pohina
- Mismanagement of Funds:
- Details: Allegation involved a third-party manager investing client funds contrary to instructions.
- Outcome: Settled with no contribution from Pohina.
- Misrepresentation and Unawareness of Fees:
- Details: Clients alleged misrepresentation in the sale of annuities and lack of information about surrender charges.
- Outcomes:
- One case settled by waiving fees without specifying the damage amount.
- Another case was denied with no specified damages.
- Unapproved Marketing Materials:
- Details: Use of unapproved marketing materials led to termination.
- Outcome: Discharged from employment; described use as educational tools on a whiteboard, not formal marketing materials.
Fernando Pohina Red Flags & Your Rights As An Investor
Of course, Fernando Pohina 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 Fernando Pohina at Osaic Wealth, Inc. and Hornor, Townsend & Kent LLC on alert to review carefully the activity and performance of their accounts and question whether Fernando Pohina has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Osaic Wealth, Inc. and Hornor, Townsend & Kent LLC also raises questions about the brokerage firms’ 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 Wealth, Inc. Due To Fernando Pohina
If you have questions about Osaic Wealth, Inc., Hornor, Townsend & Kent LLC and/or Fernando Pohina 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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