Juan Guillermo Herrans Barreras of Miami, Florida, a stockbroker formerly registered with Merrill Lynch, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages because Barreras allegedly made misrepresentations and unsuitable investment recommendations in connection with the sale of mutual funds during the period that he was registered with Merrill Lynch. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00192 (November 10, 2021).
FINRA Public Disclosure shows that Barreras has been identified in four additional customer initiated investment related disputes concerning his conduct while registered with Merrill Lynch. On May 12, 2016, a FINRA securities arbitration claim concerning Barreras’s activities was settled for $55,000.00 in damages based upon accusations that Barreras omitted and misrepresented facts relating to closed-end fund and municipal bond transactions at Merrill Lynch. The claim alleges that Barreras made unsuitable investment recommendations to the customer.
Barreras is also referenced in a FINRA securities arbitration claim which was settled for $250,000.00 in damages on December 9, 2016, for alleged unsuitable advice concerning municipal debt products. According to the claim, Barreras misrepresented and omitted information to the Merrill Lynch customer.
On February 21, 2018, another FINRA securities arbitration claim involving Barreras’s conduct was settled for $125,000.00 in damages because Barreras allegedly misrepresented facts, omitted facts, and recommended unsuitable municipal bond transactions while he was registered with Merrill Lynch.
Barreras is also identified in a Merrill Lynch customer’s arbitration claim, which was resolved for $70,000.00 in damages based upon allegations that the broker provided bad advice and had misrepresented facts in connection with mutual fund transactions.
Barreras has been associated with Merrill Lynch as a stockbroker since June 21, 2010, and as an investment adviser representative since January 6, 2016.
