Advisor Alert: Our Attorneys Are Investigating Ernest Alexander Harris For Investment Fraud
Did You Lose Money Because of Ernest Harris?
Filed: March 13, 2024
Ernest Harris currently has two (2) pending customer complaints. Overall, he has been the subject of one (1) regulatory event, one (1) termination event, and seven (7) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Ernest Alexander Harris.
Who Is Ernest Alexander Harris of Union Capital Company?
- Advisor Name: Ernest Alexander Harris
- Aliases: Ernest Harris
- CRD: 714335
- Location: Playa Vista, California and Tucson, Arizona
- Current Employer: Union Capital Company
- Previous Firms: Portsmouth Financial Services and Mandarin Pacific Asset Management, LLC
- Number of Known Customer Complaints: 7
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Ernest Harris Be Sued: Yes, in Private Arbitration
- Can Ernest Harris’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $300,000
- Highest Settlement: $75,000
If you have suffered investment losses by Ernest Harris, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Ernest Harris For Broker Misconduct
As of this publication date, Ernest Harris has been the subject of 2 customer disputes. Let’s review them below.
In June 2023, a complaint was filed against or in reference to Ernest Harris by a customer of Union Capital Company alleging poor performance/advice. Per the customer, he/she lost over $15,000 because of Mr. Harris’s actions. On August 18, 2023, Mr. Harris settled the claim for $15,000, and some or all of this amount may have been paid by Mr. Harris’s employer and/or insurance carrier.
In May 2023, a FINRA arbitration was filed against or in reference to Ernest Harris by a customer of Union Capital Company alleging suitability. Per the customer, he/she lost over $95,000 because of Mr. Harris’s actions. As of this publication date, this claim remains pending.
In January 2023, a FINRA arbitration was filed against or in reference to Ernest Harris by a customer of Union Capital Company alleging unsuitable products purchased in 2018 and 2020. Per the customer, he/she lost over $300,000 because of Mr. Harris’s actions. As of this publication date, this claim remains pending.
In June 2010, a complaint was filed against or in reference to Ernest Harris by a customer of White Pacific Securities alleging inappropriate purchase annuity in an IRA account. Per the customer, he/she lost over $8,000 because of Mr. Harris’s actions.
In May 2009, a complaint was filed against or in reference to Ernest Harris by a customer of Citigroup Global Markets Inc. alleging misrepresentation with respect to variable annuity investment- 2000 to 2001. On May 13, 2009, Mr. Harris settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Harris’s employer and/or insurance carrier.
In April 2005, NASD initiated a regulatory action against or in reference to Ernest Harris for facilitating the loan of $40,000 between an individual and an outside entity for which he received compensation. The respondent failed to provide prompt written notice of this outside business activity to his employing firm.
In August 2004, a complaint was filed against or in reference to Ernest Harris by a customer of Citigroup GMI alleging outside investment. Per the customer, he/she lost over $40,900 because of Mr. Harris’s actions. On August 26, 2004, Mr. Harris settled the claim for $40,900, and some or all of this amount may have been paid by Mr. Harris’s employer and/or insurance carrier.
In August 2004, Smith Barney terminated Ernest Harris for alleged selling away.
In June 2003, a complaint was filed against or in reference to Ernest Harris by a customer of Citigroup Global Markets Inc. alleging unsuitable and misrepresented mutual fund investment. Per the customer, he/she lost over $33,000 because of Mr. Harris’s actions.
How To File A Claim Against Ernest Harris of Union Capital Company (previously with Portsmouth Financial Services and Mandarin Pacific Asset Management, LLC) To Get Your Money Back
If you have questions about Ernest Harris, Union Capital Company, Portsmouth Financial Services, Mandarin Pacific Asset Management, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.