Articles Tagged with Insigneo Securities

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Manuel Diaz Collazo (Diaz Collazo), previously associated with Insigneo Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Diaz Collazo recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 16, 2020.

Client’s allege unsuitability, over-concentration, breach of fiduciary duty, negligence, negligent supervision, failure to supervise, fraud, breach of contract, and violations of securities laws and rules (Puerto Rico bonds). Includes request for rescission, punitive damages, interest, costs and fees.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marcio Moraes Marciano Da Rocha (Moraes Marciano Da Rocha), previously associated with Insigneo Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Moraes Marciano Da Rocha recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $4,694,912.00  on July 21, 2020.

Claimant alleges, inter alia, that the recommendation to invest in a risky option strategy was misrepresented and unsuitable for them from November 15, 2019 to March 31, 2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jorge De Apodaca (De Apodaca), currently associated with Insigneo Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that De Apodaca recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on July 30, 2020.

Allege their Financial Advisor made unsuitable recommendations in their accounts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marcio Moraes Marciano Da Rocha (Moraes Marciano Da Rocha), previously associated with Insigneo Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Moraes Marciano Da Rocha recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $4,694,912.00 on July 21, 2020.

Claimant alleges, inter alia, that the recommendation to invest in a risky option strategy was misrepresented and unsuitable for them from November 15, 2019 to March 31, 2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jorge De Apodaca (De Apodaca), currently associated with Insigneo Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that De Apodaca recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on July 30, 2020.

Allege their Financial Advisor made unsuitable recommendations in their accounts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hortensia Llavat Tilen (Llavat Tilen), currently associated with Insigneo Securities, LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Llavat Tilen 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 $52,000.00 on September 01, 2020.

Client alleges over-concentration, unsuitability, scalping, violations of securities laws and FINRA rules, negligent misrepresentation and omission, breach of fiduciary duty, negligence in violation of industry standards, failure to supervise, and breach of contract (Puerto Rico bonds and closed-end funds). Includes request for interest, punitive damages, costs and rescission.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luis Paredes Calvo (Paredes Calvo), currently associated with Insigneo Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Paredes Calvo 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 $5,000,000.00 on June 04, 2021.

In June 2021, Citi International Financial Services, LLC (the ‘Firm’)  was served for a customer initiated FINRA arbitration against the Firm, alleging mishandling (e.g. Overconcentration) of the claimants’ account, thus ‘causing’ the customers’ ‘significant losses of capital’ and ‘damages’ in excess of $5,000,000. For that, the customers are requesting an award for damages, rescission, punitive damages, interest, costs, attorney’s fees, and such other and further relief the Arbitration Panel deems just and proper.\, Allegation period estimated from May 2012, date when account was opened, to 2020. \, The claimants’ FINRA Submission Agreement is dated May 14, 2021.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alberto Valdes (Valdes), currently associated with Insigneo Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Valdes 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 $500,000.00 on September 15, 2021.

Claimant alleges registered representative recommended unsuitable investment. Dates of activity: 8/30/2016 to 6/30/2021.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Felipe Henao Vargas (Henao Vargas), previously associated with Insigneo Securities, LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Henao Vargas recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on December 19, 2023.

Without admitting or denying the findings, Henao consented to the sanctions and to the entry of findings that he exercised discretion without written authorization in a customer’s account. The findings stated that Henao exercised discretion in a customer’s account by initiating a substantial short position in a volatile exchange-traded note. After the trade went against his customer, Henao closed out the position. Henao did not have written authorization from the customer, or permission from his member firm, to exercise discretion in the account. Henao aggravated his misconduct by using an unapproved communication channel to exchange messages concerning the trades with a family member of the customer after the fact.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shmuel Maya (Maya), previously associated with Insigneo Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Maya recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $200,000.00 on November 19, 2025.

Client, through counsel, alleges unsuitable investment recommendations in Managed Account. Activity dates December 6, 2017 to December 6, 2017.

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