Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 20, 2017 indicate that former California-based SII Investments broker/adviser Frank Cuenca was recently discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cuenca (CRD# 2143454).
Frank Cuenca has spent 26 years in the securities industry and was most recently registered with SII Investments in San Ramon, California (2008-2017). Previous registrations include Securities Service Network in San Diego, California (2006-2008); FSC Securities Corporation in San Diego, California (1996-2006); Royal Alliance Associates in Jersey City, New Jersey (1994-1996); Linsco/Private Ledger Corporation in Boston, Massachusetts (1993-1994); and Allmerica Investments in Worcester, Massachusetts (1991-1993). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 23, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 10, 1991; Series 7 (General Securities Representative Examination), which he obtained on August 13, 1993; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on July 9, 1991; and Series 24 (General Securities Principal Examination), which he obtained on January 30, 1996. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one customer complaint and four customer complaints that were closed or denied, and was discharged from his former employer in connection to alleged rule violations.
In December 2017 he was discharged from his position at SII Investments following allegations he failed to follow firm procedures regarding the submission of variable annuity transactions, failed to timely submit a client complaint, and used an unapproved email account.
In 2009 a customer alleged Frank Cuenca, while employed at Securities Service Network, acted negligently when he failed to follow instructions to liquidate her account and move her funds. The customer sought $12,000 in damages in the complaint, which was denied.
In 2008 a customer alleged Frank Cuenca, while employed at Securities Service Network, executed unauthorized liquidations. The customer sought $5,000 in damages in the complaint, which was closed.
In 2002 a customer alleged Frank Cuenca, while employed at FSC Securities Corporation, acted negligently, made unsuitable investment recommendations, executed unauthorized trades, breached his fiduciary duty, and made misrepresentations of material facts. In 2003 the complaint resulted in an award to the customer of more than $23,900.
In 2001 a customer alleged he, while employed at FSC Securities Corporation, failed to follow instructions to diversify investments. The customer sought $9,000 in damages in the complaint, which was denied.
In 2000 a customer alleged he, while employed at FSC Securities Corporation, made unauthorized trades and did not fully disclose fees and expenses. The customer sought unspecified damages in the complaint, which was denied.
If you or someone you know has a complaint regarding Frank Cuenca, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.