Gihan Fernando Involved In Investor Disputes Regarding Misrepresentation

Investors possibly experienced losses due to securities broker Gihan Anil Fernando (also known as Gihan Raphael Fernando) [CRD: 4469669, Houston, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Gihan Fernando worked for BOK Financial Advisors and BOK Financial Securities Inc. from March 7, 2003, to November 8, 2023. He joined Cetera Investment Services LLC on January 12, 2024. Here’s more about the securities broker’s disclosures.

BOK Financial Securities Inc. Investor Accused Fernando Of Misrepresentation

Specifically, a BOK Financial Securities Inc. client filed a complaint about Gihan Fernando. The client alleged that Fernando misrepresented certain features of real estate securities during the sales process on or around November 2015. Because of this, the client allegedly sustained damages of $200,000. Therefore, on May 17, 2024, BOK Financial Securities Inc. settled this matter by paying the client $153,406.28 in damages.

Gihan Fernando Disclosed Misrepresentation Allegations By BOK Financial Securities Inc. Client

Also, a different client of BOK Financial Securities Inc. contested Gihan Fernando’s sales practices by filing a complaint. Allegedly, Fernando misrepresented certain features of real estate securities and business development companies. It appears that Fernando caused the client to sustain damages on these products. As a result, BOK Financial Securities Inc. opted to settle the matter on April 19, 2024, by compensating the client in the amount of $153,872.32.

BOK Financial Securities Inc. Investor Accused Fernando Of Sales Practice Violations

Additionally, a third BOK Financial Securities Inc. client disputed Gihan Fernando’s sales practices. Supposedly, Fernando misrepresented certain business development companies and real estate securities. Therefore, on May 9, 2024, BOK Financial Securities Inc. settled this matter by paying the client $323,429.33 in damages.

Cetera Investment Services LLC Targeted Fernando’s Statements About REIT Features

Further, a client of Cetera Investment Services LLC filed a complaint about Gihan Fernando. Supposedly, Fernando misrepresented certain features of a real estate security during the sales process. As a result, on May 2, 2024, Cetera Investment Services LLC settled this matter by paying the client $53,190.27 in damages.

Cetera Investment Services LLC Investor Accused Gihan Fernando Of BDC Misrepresentation

Also, a Cetera Investment Services LLC client filed a complaint about Gihan Fernando. Supposedly, Fernando misrepresented certain features of real estate securities and business development company. Therefore, on April 16, 2024, Cetera Investment Services LLC settled this matter by paying the client $210,573.90 in damages.

Losses Because Of Securities Broker Fernando?

Did you experience losses because of any sales practice violation by financial advisor / securities broker Gihan Fernando? If so, reach out to Soreide Law Group online or at (888) 760-6552 so you can talk to a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, represents investors through contingency fees, and advances all costs. Fernando and brokerage firms Fernando worked for deny accusations of sales practice violations.