Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened a formal investigation into former PFS Investments Inc. advisor Lyhen Fiallo (also known as Lyhen Hernandez, CRD #4579582), whose conduct as a stockbroker in Hialeah, Florida has triggered serious regulatory actions and client complaints.
If you entrusted your investments to Lyhen Fiallo and have incurred financial losses, our attorneys are standing by to help you recover funds lost due to suspected broker misconduct. You can schedule a free, confidential consultation with highly experienced investment fraud counsel now by calling 1-888-885-7162.
Who Is Lyhen Fiallo? Key Facts for Investors
Table of Contents
- Name/Alias: Lyhen Fiallo (also known as Lyhen Hernandez)
- Former Employer: PFS Investments Inc. (2020-2024), based in Florida
- CRD Number: 4579582
- Current Status: Permanently barred from the securities industry by FINRA as of March 28, 2024
- Location: Hialeah, Florida
- Other Affiliations: Sales of investment-related products via Primerica affiliates; prior involvement with mortgage and referral services
Summary of Regulatory Red Flags and Disciplinary History
Investors should be aware that Lyhen Fiallo is no longer allowed to act as a broker or associate with any FINRA member firm. FINRA barred her permanently after she failed to cooperate with a regulatory investigation—an action that directly violates regulatory obligations and serves as a major red flag for investors.
| Type of Action | Description | Date/Status | Result |
|---|---|---|---|
| FINRA Bar | Failure to respond to requested documents and testimony for a regulatory examination (possible unsuitable variable annuity sales) | 03/28/2024 | Permanently barred from securities industry (Case #2021065474601) |
| Outstanding Lien | IRS tax lien filed in Broward County, FL | Active | Approx. $93,243 outstanding |
| Customer Complaint | Unsuitable investment recommendations in Unit Investment Trust | Dec 2022 | Settled for $7,500 (claimed $100,000); no admission by advisor |
| Customer Arbitration | Unauthorized trading in client account | July 2023 | Settled for $12,000 (claimed $25,000); advisor not named as respondent |
Specific Allegations and Complaints Against Lyhen Fiallo
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Failure to Cooperate with FINRA Investigation:
- Fiallo’s refusal to provide required documentation and testimony as part of a FINRA investigation led to her being permanently barred under the industry’s most severe regulatory sanction.
- This reflects a violation of FINRA Rule 8210, undermining client trust and regulatory transparency.
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Potential Borrowing from Customers:
- The FINRA inquiry focused in part on potential improper borrowing from a securities customer—a prohibited activity under FINRA Rule 3240.
- Brokers must avoid borrowing from clients due to conflicts of interest and misuse of funds risk.
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Outstanding Federal Tax Lien:
- An IRS tax lien of roughly $93,243 remains unpaid, raising concerns about financial responsibility and adherence to legal obligations.
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Customer Complaint #1 (December 2022):
- Allegation: Unsuitable recommendations in a Unit Investment Trust, with the client seeking $100,000.
- Outcome: Matter settled by PFS Investments for $7,500, with no finding of liability against Fiallo personally.
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Customer Complaint #2 (July 2023):
- Allegation: Unauthorized trading in a customer’s account (damages sought: $25,000).
- Outcome: FINRA arbitration matter settled for $12,000; Fiallo was not officially named as a respondent, but the issue underscores a concerning pattern.
No SEC Actions or Civil Lawsuits Identified-But Risks Remain
Our independent review of public databases, including the FINRA BrokerCheck system, did not uncover any SEC administrative orders, state regulator actions, or pending federal or state lawsuits against Lyhen Fiallo as of the most recent update. However, regulatory bars and client settlements point to systemic risk for any investor who may have worked with her at PFS Investments Inc. in Florida.
Why Investors Must Take Action Now
Even if your loss seems minor-or if you are unsure whether broker misconduct played a role-you deserve answers and strong advocacy. Our firm’s insider knowledge as former Wall Street defense attorneys allows us to identify patterns of broker misconduct, analyze complex investment losses, and aggressively pursue recovery on your behalf.
- 98% Success Rate across hundreds of investor claims
- More than 95 years of combined securities law experience
- Over $520 million in securities matters handled
- Recognized in the Top 2% by Martindale-Hubbell (AV Preeminent) and as Super Lawyers
- 5.0-star client reviews reflecting empathy and results
- No recovery, no fee-you owe us nothing unless we win back your losses
How to Verify Lyhen Fiallo’s Current Status
- Use FINRA BrokerCheck to confirm the latest regulatory actions, customer disputes, and disclosures for Lyhen Fiallo (CRD #4579582).
- Contact our attorneys for complimentary guidance through the review process, including help obtaining and interpreting your account records.
Take the Next Step: Secure Experienced, Compassionate Representation
If you lost funds with Lyhen Fiallo-and especially if you worked with her at PFS Investments Inc. in Hialeah, Florida-don’t wait. Every moment lost may impact your recovery options. Our attorneys have helped thousands of investors Nationwide secure compensation through the FINRA arbitration process and private negotiation, leveraging our defense-side “insider knowledge” for your benefit.
Contact us now at 1-888-885-7162 for a free, private case evaluation. There is no obligation, and our “no recovery, no fee” structure ensures that you can pursue your claims risk-free.
Let our experience, reputation, and results-driven approach go to work for you. If you have concerns about your investments-or simply want guidance about your rights-reach out today. Your path to recovery and peace of mind starts here.
