Advisor Alert: Our Attorneys Are Investigating Francisco Javier Fernandez Leon For Investment Fraud
Did You Lose Money Because of Francisco Leon?
Filed: November 15, 2023
Francisco Leon has been the subject of 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 Francisco Javier Fernandez Leon.
Who Is Francisco Javier Fernandez Leon of Cetera Investment Services LLC and Cetera Investment Advisers LLC?
- Advisor Name: Francisco Javier Fernandez Leon
- Aliases: Francisco Leon
- CRD: 5648271
- Location: Clearwater, Florida
- Current Employer: Cetera Investment Services LLC and Cetera Investment Advisers LLC
- Previous Firms: Oriental Financial Services Corp.
- Number of Known Customer Complaints: 7
- Can Francisco Leon Be Sued: Yes, in Private Arbitration
- Can Francisco Leon’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $85,000
If you have suffered investment losses by Francisco Leon, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 Francisco Leon For Broker Misconduct
As of this publication date, Francisco Leon has been the subject of 7 customer disputes. Let’s review them below.
In January 2020, a FINRA arbitration was filed against or in reference to Francisco Leon by a customer of Oriental Financial Services alleging unrealized losses related to recommended purchases in PR CEF and one PR bond. Per the customer, he/she lost over $95,000 because of Mr. Leon’s actions. On May 20, 2022, Mr. Leon settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Leon’s employer and/or insurance carrier.
In October 2019, a FINRA arbitration was filed against or in reference to Francisco Leon by a customer of Oriental Financial Services alleging misrepresentation, overconcentration, and unsuitable investments. Per the customer, he/she lost over $100,000 because of Mr. Leon’s actions. On July 1, 2021, Mr. Leon settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Leon’s employer and/or insurance carrier.
In October 2019, a FINRA arbitration was filed against or in reference to Francisco Leon by a customer of Oriental Financial Services alleging overconcentration in PR holdings, misrepresentation and unsuitable recommendations, breach of fiduciary duty, breach of contract, and negligence. Per the customer, he/she lost over $43,000 because of Mr. Leon’s actions. On September 14, 2021, Mr. Leon settled the claim for $19,000, and some or all of this amount may have been paid by Mr. Leon’s employer and/or insurance carrier.
In November 2018, a FINRA arbitration was filed against or in reference to Francisco Leon by a customer of Oriental Financial Services alleging misrepresentation and omissions, breach of fiduciary duty, breach of contract, unsuitability, fraud, and negligence. Per the customer, he/she lost over $200,000 because of Mr. Leon’s actions.
In September 2018, a FINRA arbitration was filed against or in reference to Francisco Leon by a customer of Oriental Financial Services alleging misrepresentations and omissions, breach of fiduciary duty, breach of contract,unsuitable investment recommendations, fraud, and negligence in June 2001 to May 2013. Per the customer, he/she lost over $500,000 because of Mr. Leon’s actions. On October 14, 2021, Mr. Leon settled the claim for $60,000, and some or all of this amount may have been paid by Mr. Leon’s employer and/or insurance carrier.
In June 2018, a FINRA arbitration was filed against or in reference to Francisco Leon by a customer of Oriental Financial Services alleging misrepresentations and omissions, breach of fiduciary duty, breach of contract, unsuitable investment recommendations, failure to supervise, fraud, and negligence. Per the customer, he/she lost over $500,000 because of Mr. Leon’s actions. On October 19, 2022, Mr. Leon settled the claim for $80,000, and some or all of this amount may have been paid by Mr. Leon’s employer and/or insurance carrier.
In April 2018, a FINRA arbitration was filed against or in reference to Francisco Leon by a customer of Oriental Financial Services alleging misrepresentation, concentration, unsuitability, breach of fiduciary duty, negligence, fraud, and failure to supervise. Per the customer, he/she lost over $309,000 because of Mr. Leon’s actions. On March 7, 2019 Mr. Leon settled the claim for $85,000, and some or all of this amount may have been paid by Mr. Leon’s employer and/or insurance carrier.
How To File A Claim Against Francisco Leon of Cetera Investment Services LLC and Cetera Investment Advisers LLC (previously with Oriental Financial Services Corp.) To Get Your Money Back.
If you have questions about Francisco Leon, Cetera Investment Services LLC, Cetera Investment Advisers LLC, Oriental Financial Services Corp., 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.