- January 6, 2023
- Citigroup Global Markets
Hector Evangelista (CRD#: 4042150) is a registered Broker and Investment Advisor at Citigroup Global Markets, Inc., in Pembroke Pines, FL.
He entered the securities industry in 1999 and previously worked for Wells Fargo Advisors, LLC; and FIrst Union Brokerage Services, Inc.
Current And Past Allegations Of Conduct Leading To Investment Loss
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in August 2022, a customer dispute was filed against Hector Evangelista. The allegation states, “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.” Damages of $439,391 are requested. The customer dispute is pending.
In addition, Hector Evangelista has been the subject of one customer complaint, including the following:
- July 2022 — “CLIENT COMPLAINED REGARDING A STRUCTURED NOTE, ALLEGED THAT THE REGISTERED REPRESENTATIVE MISREPRESENTED THE PRODUCT. CLIENT CLAIMED HE TOLD REGISTERED REPRESENTATIVE THAT HE WAS A CONSERVATIVE INVESTOR AND DID NOT WANT ANY RISK IN HIS ACCOUNT. CLIENT NOTICED THE VALUE DEPRECIATING THE FIRST FEW MONTHS OF THE YEAR AND ALLEGED REGISTERED REPRESENTATIVE PROMISED HIM THAT HS ACCOUNT WAS SAFE FROM ANY LOSS. STRUCTURED NOTE MATURED IN JULY AND CLIENT WANTS TO BE CREDITED FOR LOSS. OCCURRENCE DATE: 6/28/2021 – 7/1/2022. ALLEGED LOSS $30,000.” The customer dispute was closed with no action.
For a copy of Hector Evangelista’s FINRA BrokerCheck, click here.
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