ERNESTO A CHAVEZ JR is currently registered both as a broker and financial advisor with EMERSON EQUITY LLC of Nogales, Arizona since March of 2022. Before Emerson, Chavez was registered both as a broker and financial advisor with WESTERN INTERNATIONAL SECURITIES INC of Nogales, Arizona from 2015 – 2022.
According to FINRA’s BrokerCheck, ERNESTO A CHAVEZ JR has 24 years of experience in the securities industry. He has been listed with 6 firms. Chavez has 4 disclosures on his FINRA CRD report. There is an “Employment Separation after Allegations” dated 2/2/2010. It states that Chavez was “permitted to resign” from EDWARD JONES following the allegations. Moreover, “CHAVEZ WAS PERMITTED TO RESIGN DURING THE COURSE OF A COMPLIANCE INVESTIGATION INTO CONCERNS ABOUT HIS KNOWLEDGE OF ACTIVITY TAKING PLACE IN CLIENT ACCOUNTS.” Chavez added a Broker Comment regarding the allegations.
WESTERN INTERNATIONAL SECURITIES INC of Nogales, Arizona
ERNESTO A CHAVEZ JR has 3 “Customer Disputes” listed on his FINRA CRD report. The significance of Chavez’ disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. Notably, FINRA conducted a review of the CRD’s of all registered representatives. Only .41% had been the subject of 3 or more customer complaints. In other words, ERNESTO A CHAVEZ JR’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
Of the 3 “Customer Disputes” filed against ERNESTO A CHAVEZ JR, 2 have settled and 1 is pending. A settled dispute dated 9/22/2023 alleged, “Breach of Fiduciary Duty, Negligent Misrepresentation and Breach of Contract in connection with the sale of securities.” This dispute settled for $14,500.00.
Another settled dispute filed against ERNESTO A CHAVEZ JR, dated 10/27/2022, settled for $56,947.93. The allegations were, “Unsuitable recommendations, Misrepresentations.” Chavez denies the allegations in the Broker Comment.
The pending “Customer Dispute” dated 10/17/2022 filed against ERNESTO A CHAVEZ JR is requesting $100,000.00 in damages. The allegations are, “Breach of Contract, Violation of Securities Statutes, Breach of Fiduciary Duty, Claims under common law, Vicarious Liability.” Chavez denies these allegations.
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