Christopher Fernan

Date:

November 18, 2020

Type of alert:

FINRA AWC  

Former Salomon Whitney registered representative Christopher Fernan recently consented to a bar from associating with member firms of the Financial Industry Regulatory Authority (FINRA) for failing to cooperate in a FINRA investigation.

Fernan began working in the securities industry as an associate with Wells Fargo Advisors in Smithtown, New York from June 2011 to September 2011. Since then, he has been associated with four other firms, including: 1) Global Arena Capital Corp in Melville, New York (February 2012 – April 2013); 2) Freedom Investors Corp. in Brookfield, Wisconsin (April 2013 – June 2014); 3) Rockwell Global Capital LLC in Mellville, New York (June 2014 – November 2015); and 4) Salomon Whitney Financial in Melville, New York (December 2015 – February 2017).

According to his FINRA BrokerCheck report, Salomon Whitney discharged him after a client allegedly contacted the firm producing a signed receipt from Fernan showing that Fernan had borrowed $11,500 from him. Upon disclosing this reason for termination in his Form U5, FINRA Department of Enforcement began investigating the matter and requested on-the-record testimony pursuant to FINRA Rule 8210. Fernan acknowledged the request in an email and stated that he would not appear for on-the-record testimony at any time, in violation of FINRA Rules 8210 and 2010.

Without admitting or denying the allegations made against him, Chris Fernan consented to a bar from associating from any FINRA member firm in any capacity.

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