Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Francisco Vigil (Vigil), previously associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Vigil recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $50,000.00 on October 18, 2023.
Claimants alleged that FA failed to have any communications with Claimants for 15 years and that although one of the two Claimants authorized the FA to execute a specific trade in their joint account, the FA was required but failed to inform the other Claimant that the executed trade was in line with a capital preservation objective even though Claimants had a growth objective.