Ernesto Chavez Focus Of Western International Securities Investor’s Negligence Complaint

Investors might have sustained losses due to securities broker Ernesto A. Chavez Jr. [CRD: 4315877, Nogales, Arizona], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Chavez worked for Western International Securities Inc. from September 29, 2015, to March 1, 2022, and later joined Emerson Equity LLC, where he has been registered since March 1, 2022. Investors should review the disclosures below to find out more about client disputes involving Chavez.

Western International Client Alleged Breach Of Fiduciary Duty, Breach Of Contract

Particularly, a client of Western International Securities Inc. disputed Chavez’s sales practices by filing FINRA Arbitration No. 23-02384. Allegedly, Chavez breached his fiduciary duty, was negligent, and breached a contract. It appears that Chavez caused the client to sustain damages involving corporate bonds. Therefore, Western International Securities Inc. opted to settle the matter on May 31, 2024, by compensating the client in the amount of $14,500.

Ernesto Chavez Disclosed Unsuitable Recommendations, Misrepresentation Allegations By Western International Securities Inc. Client

Additionally, a client of Western International Securities Inc. contested Chavez’s sales practices by filing FINRA Arbitration No. 22-02276. Allegedly, Chavez made unsuitable recommendations and made misrepresentations. It appears that Chavez caused the client to incur damages involving corporate bonds. As a result, Western International Securities Inc. opted to settle the matter on September 27, 2023, by compensating the client in the amount of $56,947.93.

Western International Securities Inc. Investor Accused Chavez Of Breach Of Fiduciary Duty

Specifically, on October 17, 2022, a Western International Securities Inc. client filed FINRA Arbitration No. 22-02062 concerning Ernesto Chavez. Primarily, the client alleged that Chavez breached a contract, breached his fiduciary duty, and violated securities statutes. Because of this, the client allegedly sustained damages involving corporate bonds. Consequently, the client requested $100,000 in compensation from Western International Securities Inc. or Chavez. It appears that this arbitration awaits a resolution.

Were You Impacted By Financial Advisor / Securities Broker Ernesto Chavez?

Did you suffer any investment-related losses because of Ernesto Chavez? You can contact Soreide Law Group at (888) 760-6552 or online and speak with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm represents investors on a contingency fee basis and advances all costs. Chavez and brokerage firms Chavez worked for deny accusations of sales practice violations.