Securities Lawyers Blog
We represent clients of financial advisors and brokerage firms in investment disputes against their firms, such as Puente Servicios Financieros LLC. Our services cover a wide spectrum of broker misconduct, including unsuitable investments, failure to supervise, and losses in various investment products. Our firm can analyze your brokerage accounts, determine the extent of your investment losses, and understand the issues and remedies available.
Puente Servicios Financieros is a broker-dealer that buys and sells equities, mutual funds, corporate debt, and United States government debt for customers primarily in Latin America, largely on a riskless principal basis, and also earns sub-clearing and mutual fund distribution fees. Formed in Florida in 2019 and based on Brickell Avenue in Miami, the firm is owned by Puente Holding of the United Kingdom, which is in turn held by the Uruguayan entities Cross Capital and Puente Partners.
Puente Servicios Financieros LLC – By the Numbers:
- CRD #: 304587
- Regulatory Events: 1
- Broker Employees: 9
Puente Servicios Financieros LLC – In the News:
FINRA v. Puente Servicios Financieros LLC (Case #2023078151401) – Between August 2021 and May 2024, Puente failed to disclose required mark-up and mark-down information on 1,379 retail customer confirmations in violation of FINRA Rules 2232 and 2010. During that period, the firm also failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA Rule 2232’s mark-up and markdown disclosure requirements in violation of FINRA Rules 3110 and 2010. For these violations, the firm is censured and a reduced fine of $20,000 is imposed in light of the firm’s extraordinary cooperation.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.