The Financial Industry Regulatory Authority (FINRA) contains important information concerning securities broker Dennis Daniel Herrera (CRD#: 4618370, Miami, Florida). BrokerCheck shows that Herrera has worked as an Aegis Capital Corp. securities broker since March 2016. He also worked for firms including Blackbook Capital and Hunter Scott Financial LLC. Notably, five investors complained about Herrera’s sales practices, and allegations concerning Herrera include unsuitable investments. Here’s more on these disputes.
Evidently, a client of Aegis Capital Corp took issue with Dennis Herrera’s sales practices. The client filed a FINRA Arbitration Claim in January 2020, alleging unsuitable transactions. Also, the securities broker allegedly acted in breach of contract. Moreover, the client claimed that the Aegis Capital Corp securities broker acted in breach of fiduciary duty. For this reason, the client asked for $139,399 in compensation to resolve this matter. Herrera contends that his recommendations were consistent with the client’s investment objectives, risk tolerance, and financial conditions. This matter is ongoing.
Additionally, a client brought a FINRA Arbitration Claim concerning Dennis Herrera’s actions at Blackbook Capital LLC and Charles Vista LLC. Supposedly, Herrera made unsuitable trades involving equities. It appears that the client sustained damages because of Herrera’s stock trading. Evidently, Herrera settled this matter by making a $14,500 payment to the client. However, Herrera admits no liability in this matter.
BrokerCheck shows that Dennis Herrera used to work for John Thomas Financial. Notably, a client of that firm complained about private placements and equities. Supposedly, Herrera used an unsuitable and excessive trading strategy. Not only that, but the client alleges misrepresentations about a private placement. Evidently, the John Thomas Financial broker opted to resolve this matter by making a $25,000 payment to the client. Herrera made no admission of liability in settling with the client.
It appears that two Hunter Scott Financial clients brought disputes regarding Dennis Herrera. One of the investors alleged an unauthorized stop loss, while the other alleged excessive commissions. Those disputes concerned over-the-counter equities. Evidently, Hunter Scott Financial settled these matters through payments to clients.
Apparently, securities broker Dennis Herrera denies allegations of sales practice violations. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered substantial compensation for US clients who have experienced losses from their securities brokers and financial advisors.
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