Investors reportedly complained about securities broker Hugo Hernandez [CRD: 6446187, El Paso, Texas], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Hugo Hernandez worked for MML Investors Services LLC from May 9, 2017 to July 31, 2024. Keep reading to find out more about Hernandez’s disclosures, including an investor dispute and employment termination.
Notably, on July 16, 2024, MML Investors Services LLC disaffiliated with Hernandez. Particularly, MML Investors Services LLC alleged that Hernandez engaged in loans with clients. Supposedly, the securities broker also participated in an unapproved private securities transaction and undisclosed outside business activities.
Also, a client of MML Investors Services LLC contested Hugo Hernandez’s sales practices by filing a written complaint on June 25, 2024. Allegedly, Hernandez misappropriated client funds intended for an alternative investment. It appears that Hernandez caused the client to sustain damages connected to promissory notes and alternative investments. So, MML Investors Services LLC opted to settle the matter on October 2, 2024, by compensating the client in the amount of $29,550.00.
Did you experience losses because of Hugo Hernandez? You can touch base with Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney. For years, Soreide Law Group has recouped losses for investors throughout the USA. Also, the firm works on a contingency fee arrangement and advances all costs. Hernandez and brokerage firms Hernandez worked for deny accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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