Securities Lawyers Blog
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.