Articles Tagged with Popular Securities

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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.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Oscar Mesorana Colon (Mesorana Colon), currently associated with Popular Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mesorana Colon 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 $75,000.00 on October 13, 2020.

Claimant alleges that Financial Consultant’s investment recommendations to hold P.R. Securities were unsuitable in light of the clients’ risk profile causing loses estimated at over $75,000.00.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luis Fernandez Diaz (Fernandez Diaz), previously associated with Popular Securities, LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Fernandez Diaz 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 $45,000.00 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 $45,000.00.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jose Martinez Esteves (Martinez Esteves), currently associated with Popular Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Martinez Esteves 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 October 27, 2020.

Claimant alleges that Financial Consultant investment recommendations to purchase and to hold P.R. Securities were unsuitable in light of the clients’ risk tolerance. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico’s well known deteriorating financial condition.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rafael Arthur Torres (Arthur Torres), previously associated with Popular Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Arthur Torres 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 $130,000.00 on February 08, 2021.

Claimants allege that the recommendation to invest in and hold Puerto Rico closed-end funds and Puerto Rico municipal bonds was unsuitable and that their account was over-concentrated in these investments. They also allege that the risks of investing in and concentrating in PR investments were misrepresented.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vanessa Perez Fernandez (Perez Fernandez), currently associated with Popular Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Perez Fernandez 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 $215,000.00 on February 23, 2021.

Claimant alleges that Financial Consultant investment recommendations to purchase and to hold P.R. Securities were unsuitable in light of the clients’ risk tolerance. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico’s well known deteriorating financial condition.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christian Rickenbach Loubriel (Rickenbach Loubriel), currently associated with Popular Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Rickenbach Loubriel 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 $215,000.00 on February 23, 2021.

Claimant alleges that Financial Consultant investment recommendations to purchase and to hold P.R. Securities were unsuitable in light of the clients’ risk tolerance. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico’s well known deteriorating financial condition.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Amarilis Santiago Torres (Santiago Torres), currently associated with Popular Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Santiago Torres 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 $310,000.00 on March 31, 2021.

Claimant alleges that Financial Consultant made recommendations to purchase and to hold P.R. Closed-end funds and P.R. Bonds, resulting in an over concentrated and high risk portfolio, which was unsuitable in light of the client\\u00e2? ?s stated risk tolerance and investment objective.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Abimael Rosario Aleman (Rosario Aleman), currently associated with Popular Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Rosario Aleman 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 $100,000.00 on May 25, 2021.

Claimant alleges that Financial Consultant made recommendations to purchase and to hold P.R. Closed-end funds and P.R. Bonds, resulting in an over concentrated and high risk portfolio, which was unsuitable in light of the client’s stated risk tolerance and investment objective.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jose Fuentes Rodriguez (Fuentes Rodriguez), currently associated with Popular Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fuentes Rodriguez 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 $100,000.00 on March 26, 2025.

Claimant alleges that Financial Consultant made recommendations to purchase and to hold P.R. Closed-end funds and P.R. Bonds, resulting in an over concentrated and high risk portfolio, which was unsuitable in light of the client’s stated risk tolerance and investment objective.

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