Securities Arbitration Lawyer Blog

Robert Lapetina, formerly with UBS Financial Services Inc. of Puerto Rico, facing seventeen pending customer disputes over Puerto Rico investments

Published on: December 11, 2020 | by Iorio Altamirano

Former UBS broker Robert Lapetina has seventeen pending customer complaints on his CRD, including three customer complaints filed in 2020, totaling over $1.3 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Lapetina and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Miguel Pascual, formerly with UBS Financial Services Inc. of Puerto Rico, facing five pending customer disputes over Puerto Rico investments

Published on: December 11, 2020 | by Iorio Altamirano

Former UBS broker Miguel Pascual has five pending customer complaints on his CRD, including two customer complaints filed in 2020, totaling over $3 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Pascual and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Angel Canabal, with UBS Financial Services Inc. of Puerto Rico, facing seventeen pending customer disputes over Puerto Rico investments

Published on: December 11, 2020 | by Iorio Altamirano

UBS broker Angel Canabal has seventeen pending customer complaints on his CRD, including three customer complaints filed in 2020, totaling over $1 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Canabal and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Jose David Mendez, with UBS Financial Services Inc. of Puerto Rico, facing fifteen pending customer disputes over Puerto Rico investments

Published on: December 11, 2020 | by Iorio Altamirano

UBS broker Jose David Mendez has fifteen pending customer complaints on his CRD, including three customer complaints filed in 2020, totaling over $4 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Mendez and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Former Cadaret, Grant & Co., Inc. Financial Advisor Timothy James Pandekakes Suspended for Unsuitable Variable Annuity Recommendations – Westchester, New York

Published on: December 10, 2020 | by Iorio Altamirano

FINRA has suspended financial advisor Timothy James Pandekakes (CRD No. 4890164) from the securities industry for three months and ordered him to pay partial restitution of $20,000.

FINRA alleged that between January 2016 and April 2018, while employed by Cadaret, Grant & Co., Inc. in Bronxville, New York, Mr. Pandekakes recommended four unsuitable exchanges of variable annuities, in violation of FINRA Rules 2111, 2330, and 2010.

Timothy Pandekakes was a financial advisor at Cadaret, Grant & Co., Inc. from December 2004 through June 2019. During the same period, he was also affiliated with MDIC Investment Company in Bronxville, New York. According to public records, Mr. Pandekakes’ employment was terminated by Cadaret, Grant & Co., Inc. in June 2019 for engaging in investment practices inconsistent with firm expectations.

Vicente Castillo, with UBS Financial Services Inc. of Puerto Rico, facing ten pending customer disputes over Puerto Rico investments

Published on: December 9, 2020 | by Iorio Altamirano

Mr. Castillo has ten pending customer complaints on his CRD, including two customer complaints filed in 2020, totaling $17.6 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Castillo and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Jose Crescioni, with UBS Financial Services Inc. of Puerto Rico, facing five pending customer disputes over Puerto Rico investments

Published on: December 9, 2020 | by Iorio Altamirano

Mr. Crescioni has five pending customer complaints on his CRD, including four customer complaints filed between January and October 2020, totaling $3.6 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Crescioni and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Xavier Aguayo, with UBS Financial Services Inc. of Puerto Rico, facing five pending customer disputes over Puerto Rico investments

Published on: December 9, 2020 | by Iorio Altamirano

Mr. Aguayo has five pending customer complaints on his CRD, including two customer complaints filed in 2020, totaling $1.16 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Aguayo and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Ramon Almonte, with UBS Financial Services Inc. of Puerto Rico, facing 34 pending customer disputes over Puerto Rico investments

Published on: December 9, 2020 | by Iorio Altamirano

Ramon “Cholo” Almonte has thirty-four pending customer complaints on his CRD, including four customer complaints filed in 2020, totaling over $2 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Almonte and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Ricardo Eboli, with UBS Financial Services Inc. of Puerto Rico, facing ten pending customer disputes over Puerto Rico investments

Published on: December 9, 2020 | by Iorio Altamirano

Mr. Eboli has ten pending customer complaints on his CRD, including one customer complaint filed in August 2020 for $500,000 in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Eboli and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

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