In June 2025, Eric Fiallo of Hialeah, Florida was terminated by PFS Investments (Primerica) regarding allegations that he borrowed money from a securities customer.  Under FINRA Rule 3240, advisors are generally prohibited from borrowing money from clients, with limited exceptions.

That termination led FINRA to start its own investigation into Fiallo.  When he refused to produce documents to FINRA as part of its investigation, he was barred by FINRA.

Background on Eric Fiallo

Eric Fiallo was licensed with PFS Investments (Primerica) from 2008 to June 2025.  He worked in an office in Hialeah, Florida.  He was also the subject of a tax lien in 2024, and a small civil judgment in early 2025. 

Is PFS Investments 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. 

Israels & Neuman Helps Investors in Florida

We represent investors throughout the United States including Florida, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  Attorney David Neuman is licensed to practice law in Florida. If you were a client of Eric Fiallo and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Fiallo’s BrokerCheck Report
• View Fiallo’s FINRA AWC

Contact Israels & Neuman for a Free Case Evaluation

All of our Arbitration cases are taken on a contingency basis, meaning that you don’t pay us unless we successfully recover money for you.

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.