Florida Financial Planner Arrested

Have you suffered financial losses as a result of investments made with Ariel Hernandez? If so, The White Law Group may be able to help you recover your investment losses through an arbitration claim with the Financial Industry Regulatory Authority (FINRA).

According to the Miami Herald, former financial planner, Ariel Hernandez, was arrested and accused of stealing hundreds of thousands of dollars from elderly clients. Hernandez is accused of transferring funds from clients accounts to his personal accounts and forging a client’s signature. Pembroke Pines police have charged Hernandez with two counts of criminal use of personal identification and 2 counts of theft.

According to BrokerCheck Hernandez has worked in Florida since 2007. He worked with MetLife Securities from 06/2007 – 10/2007, Wachovia Securities from 10/2007 – 12/2008, J.B. Hanauer & Co from 12/2008 – 09/2008, Summit Brokerage Services from 09/2009 – 08/2010 and Liberty Partners Financial Services 08/2010 – 11/2013.

Brokerage firms have a supervisory duty to oversee all the activities of their registered brokers. If a broker makes unauthorized withdrawals from clients account and/or commits forgery, the brokerage firm may be liable for negligent supervision and responsible for investment losses.

If you made investments with Hernandez while he was a registered broker and would like to discuss your litigation options, please call the attorneys of The White Law Group at (312)238-9650 for a free consultation.

The White Law Group, LLC., is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about the White Law Group, visit www.whitesecuritieslaw.com.