Juan Carlos Villalobos, of Marietta, Georgia, a stockbroker registered with Money Concepts Capital Corp, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon alleged breach of contract, unsuitable investment advice, breach of fiduciary duty, violation of the Georgia Securities Act, negligence, and violations of federal securities laws in connection with the sale of direct investments when Villalobos was associated with Money Concepts Capital Corp. FINRA Arbitration No. 24-00202 (February 9, 2024).
Villalobos is referenced in four other customer initiated investment related disputes concerning his conduct while associated with securities broker dealers. FINRA Public Disclosure shows that on August 14, 2020, a customer filed an investment related complaint about Villalobos in which the customer requested $150,000.00 in damages based upon allegations that Villalobos did not use the proposed investment strategy, resulting in losses within the customer’s managed account. The complaint was denied on September 8, 2020.
Villalobos is also referenced in a customer initiated investment related complaint that was settled on December 22, 2021, for $200,000.00 in damages based upon allegations that Villalobos made unsuitable investment recommendations, given the customer’s financial profile.
On September 28, 2023, a different customer initiated investment related FINRA securities arbitration claim involving Villalobos’s conduct was settled for $1,400,000.00 in damages based upon allegations that Villalobos engaged in fraud, breached a contract and his fiduciary duties, was negligent, and violated securities laws in connection with speculative options transactions. Villalobos allegedly misrepresented the risk of these transactions and recommended that two of the customers borrow against their securities account to purchase their home. The customers also alleged breach of fiduciary duty and failure to conduct adequate due diligence regarding their purchases of automotive limited partnership units. FINRA Arbitration No. 22-02217.
Villalobos is also referenced in a customer securities arbitration claim in which the customer requested $152,000.00 in damages based upon allegations that Villalobos breached his fiduciary duties and provided unsuitable advice in direct investments and options. FINRA Arbitration No. 23-03455 (February 4, 2024).
Villalobos was associated with Money Concepts Capital Corp in Marietta, Georgia from March 4, 2014, to June 14, 2021.
