Mario Omar Martinez Chavez of El Paso Texas a stockbroker formerly registered with BBVA Securities Inc. is the subject of a customer initiated investment related written complaint on March 28, 2018 where the customer requested more than $5,000.00 in damages founded on accusations that Chavez neglected to abide by the customer’s instructions pertaining to a currency exchange transaction and purchase of debt instruments issued by Rabobank.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Chavez is referenced in two more customer initiated investment related disputes pertaining to allegations of Chavez’s violative conduct during the time that he was associated with BBVA Securities Inc. Specifically, on November 6, 2013, a customer filed an investment related complaint concerning Chavez’s conduct in which the customer sought $119,374.82 in damages supported by accusations that inappropriate investment recommendations were made to the customer; and structured notes investments held in the customer’s account were not suitable for the customer given the customer’s tolerance for risk.
Thereafter, on July 16, 2015, a customer filed an investment related complaint involving Chavez’s activities where the customer requested $191,581.00 in damages based upon allegations that the customer’s account lacked supervision, and the customer was not timely provided information about the decline in the customer’s investment portfolio.
Chavez’s registration with BBVA Securities Inc. has been terminated as of May 2, 2016. Since April 29, 2016, he has been employed by Morgan Stanley.
