Michelle M. Vazquez (also known as Michelle M. Vazquez Valentin) of San Juan Puerto Rico a stockbroker formerly registered with Oriental Financial Services Corp. is the subject of a customer initiated investment related arbitration claim involving Vazquez’s activities in which the customer requested $398,753.25 in damages supported by allegations of (1) breach of contract (2) negligence (3) breach of fiduciary duty (4) over-concentration and (5) unsuitability in regard to the customer’s municipal debt investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02525 (July 13, 2018).
FINRA Public Disclosure reveals that Vazquez is referenced in ten more customer initiated investment related disputes pertaining to accusations of Vazquez’s violative conduct during the time that she was associated with Oriental Financial Services Corp. and UBS Financial Services Inc. Specifically, a customer initiated investment related arbitration claim regarding Vazquez’s activities was resolved for $35,000.00 in damages founded on allegations that the customer’s assets were overly exposed to speculative investments. FINRA Arbitration No. 14-01060 (Mar. 9, 2016).
Thereafter, a customer initiated investment related arbitration claim concerning Vazquez’s conduct was settled for $34,604.32 in damages based upon accusations of misrepresentation and unsuitability in reference to the customer’s closed end mutual fund holdings. FINRA Arbitration No. 14-03066 (Dec. 27, 2016). Then, a customer initiated investment related arbitration claim involving Vazquez’s activities was resolved for $80,000.00 in damages supported by allegations that the customer’s assets were over-concentrated in closed-end funds and Puerto Rico municipal bonds, and false or misleading statements had been made to the customer concerning the customer’s holdings.
Another customer filed an investment related arbitration claim regarding Vazquez’s conduct where the customer sought $400,000.00 in damages founded on accusations that misrepresentations and omissions had been made to the customer, contractual and fiduciary duties had been breached, the customer’s account lacked supervision and had been negligently administered, and the customer had ultimately been defrauded. FINRA Arbitration No. 18-00684 (Feb. 20, 2018).
Moreover, a customer filed an investment related arbitration claim concerning Vazquez’s activities in which the customer requested $200,000.00 in damages based upon allegations that the customer had been unsuitably concentrated in bonds; poorly advised; left without information about the risks of investing; and suffered from a lack of supervision in the customer’s accounts. FINRA Arbitration No. 18-01883 (May 22, 2018).
Vazquez’s registration with Oriental Financial Services Corp. has been terminated as of August 9, 2017. Since August 8, 2017, Vazquez has been employed by Nationwide Planning Associates Inc.
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