Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jorge M. Pelegrina (Pelegrina), previously associated with UBS Financial Services INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Pelegrina 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 $949,000.00 on April 26, 2021.
Time frame: Unspecified\, Claimants allege that the recommendation to invest in and hold Puerto Rico closed-end funds was unsuitable and that their accounts were over-concentrated in these investments. They also allege that the risks of investing in Puerto Rico investments were misrepresented.