Were you the victim of Citigroup Global Markets Inc. broker Hector Evangelista (CRD# 4042150) who is alleged to make recommendations leading to structured notes losses? He has been registered with Citigroup Global Markets Inc. in Pembroke Pines, Florida since 2011.
Hector Evangelista Customer Complaints
He has been the subject of two customer complaints in 2022, one of which was denied, according to his CRD report:
August 2022. “Client complained about the investment strategy recommended by the registered representative, stating that it wasn’t what he requested, and expressed concern that all the structured notes are out of the protective barrier without generating income. Client stated the money was supposed to be for his retirement. Client estimated that he will not recover his initial capital, and further alleged that the losses have affected his standard of living. Client demanded a return of his initial money invested. Occurrence dates: 6/25/2021 – 8/1/2022. Unrealized losses: $439,391.” The customer is seeking $439,391 in damages and the case is currently pending. The complaint was regarding structured notes and took place while he was registered with Citigroup Global Markets Inc.
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, Citigroup Global Markets Inc. may be liable for investment or other losses suffered by Hector Evangelista’s 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.