San Blas Securities LLC

There are Recent Customer Complaints with Broker Ronald Bucher in Firm San Blas Securities LLC

April 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Bucher (Bucher), previously associated with San Blas Securities LLC, has at least 7 disclosable events. These events include 6 customer complaints, one regulatory event, alleging that Bucher 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 $50,000.00 on June 10, 2024.

The allegations refer to activity in the clients account from 2019-2023 when Bucher was terminated from Pinnacle Investments. Client claims investments were unsuitable and not authorized. Additionally client claims Bucher did not properly explain the investments that were in the account which led to losses in the account.

Broker Shawn Spellacy in San Blas Securities LLC Firm Has Customer Complaint

April 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shawn Spellacy (Spellacy), currently associated with San Blas Securities LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Spellacy 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 $500,000.00 on July 30, 2024.

Unsuitable recommendation, misrepresentation and concentration.

There are Recent Customer Complaints with Broker Mei Davidson in Firm San Blas Securities LLC

March 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mei Davidson (Davidson), previously associated with San Blas Securities LLC, has at least one disclosable event. These events include one tax lien, alleging that Davidson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on September 06, 2024.

Due to recent disclosure incident the Division placed conditions on Davidson’s registration as a BD Agent of San Blas Securities, LLC and as an IAR of SB Advisory, LLC in Massachusetts.

There are Recent Customer Complaints with Broker Wendell Trapp in Firm San Blas Securities LLC

March 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Wendell Trapp (Trapp), previously associated with San Blas Securities LLC, has at least 8 disclosable events. These events include 8 customer complaints, alleging that Trapp 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 $638,052.00 on September 30, 2024.

Attorney for client alleges the financial advisor was supposed to invest client’s funds in a municipal bond earning 4.65%, but financial advisor made numerous unauthorized purchases and sent funds from client account to unknown parties. Client requests compensation related to Financial Advisor conduct.

Broker John Forster in San Blas Securities LLC Firm Has Customer Complaint

January 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Forster (Forster), currently associated with San Blas Securities LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Forster recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on December 27, 2024.

Client alleges failure to act in the best interest of the client’s portfolio.