DID GIHAN ANIL FERNANDO CAUSE YOU INVESTMENT LOSSES?
Gihan Fernando Of Cetera Investment Services LLC and formerly with BOK Financial Advisors Has 57 Customer Complaints For Alleged Broker Misconduct
About Gihan Fernando of Cetera Investment Services LLC?
Gihan Fernando (CRD #4469669) is a seasoned professional in the financial services industry. He is currently registered as a broker with Cetera Investment Services LLC since January 12, 2024 and as an investment adviser with Cetera Investment Advisers LLC since July 2, 2024, in Houston, Texas. Fernando has been active in the industry since at least 2002, starting his career with Morgan Stanley. Over the years, he has passed five key securities examinations, including Series 7 and Series 65, which qualify him to act as a General Securities Representative and Investment Adviser Representative, respectively. His registrations span across multiple states, primarily in Texas. His professional journey includes tenures at multiple reputable firms, such as BOK Financial Advisors and Morgan Stanley, showcasing a diverse experience in the sector.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Gihan Fernando Customer Complaints and Reviews
Gihan Fernando has a significant number of customer disputes logged against him, totaling 57 cases. The details of these disputes often involve allegations of misrepresentation of product features, particularly related to real estate securities and business development companies. Most complaints arose during his tenure with BOK Financial Securities, Inc., and are attributed to products sold between 2015 and 2018. Notably, all complaints have been settled without any financial contribution from Fernando, indicating that the resolutions were handled by his employing firms.
- March 2018 Misrepresentation: A real estate security product was allegedly misrepresented, with claimed damages of $115,000; settled for $16,202.20.
- September 2013 – October 2017 Misrepresentation: Complaints regarding multiple products, claiming damages of $830,000; settled for $475,248.36.
- August 2016 – July 2017 Misrepresentation: Allegations involve $963,000 in damages; settled for $469,334.54.
Allegations Against Gihan Fernando
- The allegations against Gihan Fernando predominantly revolve around the misrepresentation of product features, specifically with non-traded real estate investment trusts (REITs) and business development companies. These allegations highlight concerns about the transparency and reliability of the information provided to clients during the sales process. The products in question were largely sold during Fernando’s time at BOK Financial Securities, Inc., a period marked by a high volume of complaints, all of which resulted in settlements funded by the firm. This suggests a systemic issue with the products offered by the brokerage, rather than individual misconduct by Fernando.
Gihan Fernando Red Flags & Your Rights As An Investor
Of course, Gihan Fernando 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 Gihan Fernando at Cetera Investment Services LLC and BOK Financial Advisors on alert to review carefully the activity and performance of their accounts and question whether Gihan Fernando has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Investment Services LLC and BOK Financial Advisorsalso 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 Cetera Investment Services LLC and BOK Financial Advisors Due To Gihan Fernando
If you have questions about Cetera Investment Services LLC, BOK Financial Advisors and/or Gihan Fernando 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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