Hugo Hernandez of MML Investor Services is Barred

Allegations Against Advisor Hugo Hernandez of El Paso, Texas

FINRA alleged that it initiated an investigation into Hugo Hernandez of El Paso, Texas, regarding allegations that he “failed to return investment funds, engaged in undisclosed private securities transactions and outside business activities, or borrowed money from customers in violation of FINRA rules”. He previously worked with MML Investor Services. Generally, under FINRA Rules 3270 and 3280, brokers must disclose all business activities that they are involved in, and they must disclose all securities that they are selling.

In response, Hernandez refused to appear for an on-the-record interview, which led to him being barred from the securities industry.

Hugo Hernandez Industry History

Hugo Hernandez was affiliated with MML Investors Services from May 2017 to July 2024. He was also previously licensed with NYLife Securities. He worked in an El Paso, Texas office. In addition, Hernandez also was licensed to sell insurance through Mass Mutual Life Insurance, an affiliate of MML Investors Services.

Potential Responsibility MML Investors Services

Pursuant to FINRA Rule 3110, broker-dealers like MML Investor Services must reasonably supervise the activities of their representatives. If a firm does not adequately supervise Hernandez, it could be liable for any investor harm.

Israels & Neuman represents investors throughout the country including Texas, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Hugo Hernandez and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

Contact Us for a Free Case Evaluation

All of our FINRA Arbitration cases are taken on a contingency basis, meaning no recovery, no fees and no up-front costs.

Call us today at (720) 599-3505 or (206) 795-5798

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