Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Warynex Hernandez (Hernandez), previously associated with UBS Financial Services Incorporated of Puerto Rico, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Hernandez 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 $200,000.00 on December 14, 2020.
Time frame: unspecified\<char_lb_r>\, \<char_lb_r>\, Allegations: Claimant alleges that the recommendation to invest in and hold Puerto Rico closed-end funds was unsuitable and that his account was over-concentrated in these investments. He also alleges that the risks of investing in and concentrating in PR investments were misrepresented.