There are options for clients of FSC Securities Corporation broker Frank Briseno III (CRD# 1177246) who suffered investment losses. Briseno has been registered with FSC Securities Corporation in Metairie, Louisiana since 2004.
Briseno has been the subject of three customer complaints between 2017 and 2020, one of which was denied, according to his CRD report:
- May 2020. “Customer alleges that recommendations regarding nontraded REITs and variable annuities constituted poor advice.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding variable annuities and real estate securities.
- July 2019. “Unsuitable recommendations.” The customer sought $5,000 in damages and the case was settled for $3,500,000. The complaint was regarding variable annuities and real estate securities.
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, FSC Securities Corporation may be liable for investment or other losses suffered by Briseno’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.