January 14, 2025

Gihan Fernando Accused by BOK Client of Misrepresentation

Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Gihan Anil Fernando (also known as Raphael Fernando) [CRD: 4469669, Houston, Texas].

Gihan Fernando worked for BOK Financial Securities, Inc. from March 7, 2003, to November 8, 2023, in Bellaire, Texas. He is currently registered with Cetera Investment Services LLC and Cetera Investment Advisers LLC in Houston, Texas, since January 12, 2024, and July 2, 2024, respectively.

Recent disclosures reveal concerns about Fernando’s conduct, including multiple allegations of misrepresentation related to non-traded REITs during his tenure at BOK Financial Securities.

September 26, 2024: BOK Financial Client Files Complaint for Misrepresentation

On September 26, 2024, a client of BOK Financial Securities filed a complaint alleging misrepresentation of certain product features during the sales process around June 2017. The client requested $100,000 in damages. On an undisclosed date, the firm settled the case for $33,210.92. Fernando commented that these complaints stemmed from employer-approved products sold between 2015 and 2018.

September 19, 2024: Gihan Fernando's BOK Financial Client Files Complaint for False Representations

A client alleged misrepresentation of product features during a sales interaction in April 2017. The complaint, filed on September 19, 2024, requested $50,000 in damages. The matter was resolved with a settlement of $16,605.46. Fernando attributed the dispute to employer-directed sales of approved non-traded REITs.

August 28, 2024: BOK Financial Clients File Complaints for Misrepresentation

On August 28, 2024, two clients separately alleged misrepresentation of product features during sales interactions in December 2015. Both requested damages of $52,857.92. Settlements were reached, with the firm paying $41,808.20 and $41,813.24, respectively. Fernando maintained that these complaints pertained to employer-approved products sold during his tenure.

February 16, 2024: Gihan Fernando's BOK Financial Client Files Complaint for REITs

A client alleged misrepresentation of non-traded REIT features during a sales process in April 2016. Filed on February 16, 2024, the complaint requested $100,000 in damages. The case settled for $53,333.33. Fernando stated that all product sales were employer-approved and directed.

Contact Soreide Law About Gihan Fernando Today

Looking for more information about Gihan Fernando? If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Soreide Law Group takes cases on a contingency basis, advances all costs upfront, and helps investors nationwide recover losses from sales practice violations, though outcomes cannot be guaranteed. Fernando and BOK Financial Securities deny accusations of sales practice violations.

S H A R E   T H I S   P O S T

Recent Posts

February 18, 2025
CONCORDE INVESTMENTS SERVICES and Bart Harrison

Soreide Law Group, based in South Florida, has filed a FINRA arbitration on behalf of their client (Claimant) against: CONCORDE INVESTMENTS SERVICES, LLC. (Respondent) The Claimant resides in Southwest Florida and maintained a relationship with CONCORDE INVESTMENTS SERVICES and its Financial Advisor, Bart Harrison. The lawsuit alleges that CONCORDE INVESTMENTS SERVICES and Bart Harrison understood […]

February 18, 2025
John Christoforidis Barred by FINRA Following Investigation

Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker John Christoforidis (CRD: 2841315, Garden City, New York). Christoforidis previously worked for multiple brokerage firms, including Spartan Capital Securities LLC from 2016 to 2024. Recent regulatory actions disclose that FINRA has barred Christoforidis from the securities industry following his refusal to provide on-the-record testimony […]

February 18, 2025
Joel Freedman Faces Allegations of Unauthorized Trading

Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Joel Randy Freedman (CRD#: 1260557, Radnor, Pennsylvania). Freedman has been employed in the securities industry for 40 years and has worked with several firms, including Morgan Stanley (2009-2024). As of April 2024, he is registered with Sanctuary Securities Inc. and Sanctuary Advisors LLC in […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2022 Soreide Law Group, PLLC  |  All Rights Reserved