Hector J. Gonzalez (also known as Hector Gonzales Colon) of Miami Florida a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated has been identified in a customer initiated investment related arbitration claim where the customer sought $3,000,000.00 in damages founded on accusations that (1) investment recommendations were unsuitable in view of the customer’s objectives for investing and tolerance for risk and (2) false or misleading statements had been made in regard to the risks or terms of municipal bonds when Gonzalez was employed by Merrill Lynch. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03323 (Nov. 7, 2019).

FINRA Public Disclosure indicates that Gonzalez is the subject of six more customer initiated investment related disputes pertaining to allegations of his bad business practices during the period in which he was employed by securities broker dealers including Merrill Lynch. Specifically, a customer filed an investment related arbitration claim pertaining to Gonzalez’s conduct in which the customer requested $7,000,000.00 in damages supported by allegations that misleading statements were made by the stockbroker pertaining to the risks and drawbacks of investments, and corporate bond transactions that were executed in the customer’s account failed to be suitable because of the customer’s investment circumstances. FINRA Arbitration No. 19-00871 (Apr. 1, 2019).

In addition, a customer filed an investment related arbitration claim in reference to Gonzalez’s conduct where the customer sought $6,000,000.00 in damages based upon accusations that when Gonzalez was associated with Merrill Lynch, the stockbroker’s advice was unsuitable given the customer’s investment profile, and false statements were made to the customer concerning the risks of government bonds. FINRA Arbitration No. 19-01195 (Apr. 30, 2019).

Gonzalez is also referenced in a customer initiated investment related arbitration claim in which the customer requested $7,000,000.00 in damages based upon allegations that government bond recommendations made by the stockbroker were not suitable given the customer’s risk tolerance, investment objectives or overall circumstances, and transactions effected in the customer’s account by the stockbroker resulted in the customer’s losses. FINRA Arbitration No. 19-01736 (June 19, 2019).

An additional customer filed an investment related arbitration claim concerning Gonzalez’s activities where the customer sought $5,000,000.00 in damages founded on accusations that when Gonzalez was employed by Merrill Lynch, the terms and conditions of investments were misrepresented by the stockbroker, and the customer was provided with bad investment recommendations which led to losses being incurred by the customer. FINRA Arbitration No. 19-01844 (June 28, 2019).

Gonzalez has been employed by Merrill Lynch since July 21, 2010.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)