Wma Securities is the firm named in a customer dispute on Phillip Allen's BrokerCheck report, one that settled in 2001. Allen (CRD 1337542) is the broker on the disclosure, and the matter involved life insurance products.
Investors apparently complained about securities broker Edward Eric Fernandez [CRD: 2956661, Irvine, California], according to disclosures on FINRA BrokerCheck. Evidently, Edward Fernandez has been registered with Capulent LLC since October 5, 2017. Read below to discover more about the disclosures involving this securities broker.
Particularly, on August 11, 2025, a Capulent LLC client filed FINRA Arbitration No. 25-01617 about Edward Fernandez. Primarily, the client alleged that Fernandez made unsuitable recommendations involving Versity/Crew investments—Hayworth Tanglewood, DST, and Versity Income Property Notes LLC. Because of this, the investor allegedly sustained damages linked to real estate securities. Consequently, the client requested $10,000 in compensation from Capulent LLC or Fernandez. It appears that this arbitration is pending a resolution.
Additionally, a client of Capulent LLC disputed Edward Fernandez’s sales practices by filing FINRA Arbitration No. 25-01068 on June 2, 2025. Allegedly, Fernandez breached fiduciary duties by over-concentrating the account in illiquid assets, recommending unsuitable investments, misrepresenting or omitting material information, and failing to perform due diligence. It appears that Fernandez caused the client to sustain damages relating to real estate securities. Therefore, the client seeks compensation from Capulent LLC or Fernandez in the amount of $161,250 in this ongoing matter.
Do you need clarification on any investment losses associated with Edward Fernandez? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer about a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Fernandez and brokerage firms Fernandez worked for deny accusations of sales practice violations.
Wma Securities is the firm named in a customer dispute on Phillip Allen's BrokerCheck report, one that settled in 2001. Allen (CRD 1337542) is the broker on the disclosure, and the matter involved life insurance products.
Delaware Statutory Trusts sponsored by Versity Investments are at the heart of each pending claim on Edward Fernandez's BrokerCheck report. Fernandez (CRD 2956661) is the broker, and the disclosures name Capulent as the firm. The claims are pending, and their allegations are unproven. In statements on BrokerCheck, Fernandez denies them.
A pending customer claim tops April Waldman's BrokerCheck report, and an older dispute at the same firm settled in 2024. Waldman (CRD 4653460) is the broker on both, and each names Centaurus Financial as the firm. The pending claim is an unproven allegation, and no arbitrator has ruled on it.
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