Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ricardo Roche Maldonado (Roche Maldonado), currently associated with Banorte Securities International, Ltd., has at least one disclosable event. These events include one customer complaint, alleging that Roche Maldonado recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint with a damage request of $20,328.00 on November 15, 2022.
The client wrote a letter in which he expressed frustration about a certain fixed income investment that experienced an early redemption. His complaint indicated that his lack of knowledge about the called instrument resulted in a loss to him of just over $ 20,000. Given the unique features of the bond, the specific written details of the client’s frustration and an inability to confirm how the broker conveyed the features of the investment the broker-dealer agreed to pay the client for the oversight in communication.