Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Julio Santiago Cruz (Santiago Cruz), currently associated with Popular Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Santiago Cruz 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 $35,000.00 on October 13, 2020.
Claimant alleges that Financial Consultant’s investment recommendations to purchase and to hold P.R. Securities were unsuitable in light of the clients’ risk profile causing loses estimated at over $35,000.00.