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Lyhen Fiallo with PFS Investments is Barred by FINRA
Did you invest with financial advisor Lyhen Fiallo from Hialeah, Florida? Israels & Neuman is looking into claims against Lyhen Fiallo, who previously worked with PFS Investments (Primerica) in Hialeah, Florida. She was recently barred from the securities industry regarding allegations that she borrowed money from a customer.
Allegations Regarding the Expulsion
In January 2026, Fiallo agreed to the expulsion from FINRA, after it was alleged that she refused to cooperate fully with a FINRA investigation. FINRA was looking into allegations that she borrowed money from a customer. Generally, brokers cannot borrow money from customers, with limited exceptions. It was further alleged that she has not repaid the money.
Background on Lyhen Fiallo
Lyhen Fiallo was licensed with PFS Investments from April 2020 to December 2024. She worked in a Hialeah, Florida office. She was also licensed to sell insurance through Primerica Financial Services.
Is PFS Investments Potentially Liable for Fiallo’s Conduct?
FINRA standards provide that brokerage firms like PFS Investments must reasonably supervise the activities of their financial advisors. Firms that fail to do so could be responsible for investor losses.
We Help Investors in Florida
We represent investors throughout the United States as well as Florida, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Lyhen Fiallo and believe she acted improperly, you may be entitled to recover losses through FINRA arbitration.