Erez Law is currently investigating Mariner Wealth Advisor broker Faith Xenos (CRD# 1320067) regarding unsuitable investment recommendations. He has been registered with Msec, LLC in Coral Gables, Florida since 2019 and with Mariner Wealth Advisors in Coral Gables, Florida since 2019. Previously, she was registered with Singer Xenos Securities, Corp. in Coral Gables, Florida from 2001 to 2019.
Faith Xenos Customer Complaints
Faith Xenos has been the subject of one customer complaint, according to her CRD report:
October 2021. “Customer alleges that RR, in capacity as financial advisor with affiliated investment adviser, overconcentrated customers’ accounts beginning in July 2020 in a complex alternative mutual fund that was not suitable.” The customer is seeking $346,000 in damages and the case is currently pending. The complaint was regarding mutual fund losses and took place while she was registered with Mariner Wealth Advisor.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Mariner Wealth Advisor may be liable for investment or other losses suffered by Faith Xenos’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.