Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors supposedly complained about securities broker Francisco Javier Cabral [CRD: 5257195, Greenwich, Connecticut], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Francisco Cabral worked for David Lerner Associates Inc. in White Plains, New York, from January 5, 2007, to October 20, 2021, and has worked with Ameriprise Financial Services LLC in Greenwich, Connecticut, since October 7, 2021, and in Mamaroneck, New York, since February 16, 2022. See the following information to understand more about Francisco Cabral’s disclosures and the nature of the investor disputes reported.
Notably, on August 27, 2024, a David Lerner Associates Inc. client filed FINRA Arbitration No. 24-01819 about Francisco Cabral. Allegedly, Cabral made unsuitable recommendations and misrepresentations or omissions in connection with mutual funds and Energy 12 investments. Also, the client alleged forgery. Because of this, the client allegedly sustained damages. Therefore, the client requested $450,000 in compensation from David Lerner Associates Inc. or Cabral. It appears that this arbitration is ongoing.
Evidently, a client of David Lerner Associates Inc. contested Francisco Cabral’s sales practices by filing FINRA Arbitration No. 20-00691. Allegedly, Cabral failed to supervise, breached his fiduciary duty, made misrepresentations or omissions, and made unsuitable recommendations. Supposedly, Cabral caused the client to sustain damages on mutual funds, unit investment trusts, and private placements involving Energy 11. As a result, David Lerner Associates Inc. opted to settle the matter on August 26, 2021, by compensating the client in the amount of $50,000.
Are you concerned regarding investments you made with Francisco Cabral? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has helped to recoup losses for clients throughout the US. Also, the firm works on a contingency fee basis and advances all costs. Cabral and brokerage firms Cabral worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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