Fermin Mesina: $500K-$1mm Complaint Against First Bank Advisor

Recent investor complaints against Chula Vista, California financial advisor Fermin Mesina (CRD# 4619199) allege that his investment advice resulted in cumulative damages as high as $1.35 million. Financial Industry Regulatory Authority records indicate that he is a broker and an investment advisor with Infinex Investments as well as a representative of First Bank.

Mr. Mesina’s BrokerCheck report discloses two investor complaints. The most recent, filed in January 2023, alleges that as a representative of Infinex Investments, he failed to conduct adequate due diligence and “concentrated a large portion of the client’s net worth” into an offshore annuity. The pending complaint alleges damages between $500,000 and $1,000,000.

An earlier investor complaint, filed in April 2022, alleges that as a representative of Infinex Investments, Mr. Mesina breached contract, acted negligently, breached his fiduciary duty to the investor, and violated the California Corporations Code. The pending complaint alleges damages of $350,000.

In a statement on the April 2022 pending complaint’s disclosure, Mr. Mesina defended himself against the allegations. “The investment recommendation was suitable,” he wrote, continuing: “The company had been done business for 20 years with no known issues. In 2018 the company was purchased and a year later, it was insolvent allegedly due to fraud caused by the new owner.”

According to the Financial Industry Regulatory Authority, Fermin Messina holds 19 years of securities industry experience. Based in Chula Vista, California, he has been a broker and an investment advisor with Infinex Investments since 2017, operating as a representative of First bank. His registration history includes First Brokerage America (2016-2017), Insight Securities (2014-2016), JP Morgan Securities (2012-2014), Chase Investment Services (2011-2012), HSBC Securities (2010-2011), and Wells Fargo Investments (2003-2010). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Georgia, and Nevada. (Information current as of January 14, 2023.)

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