Jaime Hazael Aguilar, of San Diego, California, a stockbroker previously registered with Morgan Stanley Smith Barney, LLC, has been fired by his firm on May 10, 2016, based upon allegations that Aguilar was involved with a customer in pursuing a financial transaction outside the auspices of Morgan Stanley.
FINRA Public Disclosure reveals that Aguilar has been identified in three customer arbitration actions concerning allegations of his misconduct. Particularly, on May 6, 2005, a customer initiated investment related arbitration claim concerning Aguilar’s actions was settled for $17,452.05 in damages based upon allegations that Aguilar effected a mutual fund purchase without the customer’s permission.
Subsequently, on August 31, 2009, a customer initiated investment related arbitration action regarding Aguilar’s conduct was resolved for $750,000.00 in damages based upon allegations that Aguilar, in his capacity as financial advisor, made misrepresentations to the customer concerning investments, and effected unsuitable investment transactions in the customer’s account.
On February 28, 2014, another customer filed an investment related arbitration claim concerning Aguilar’s activities, in which the customer requested $2,000,000.00 in damages based upon allegations that Aguilar effected unsuitable investment strategies in the customer’s account, transferred funds and even liquidated the customer’s account despite Aguilar lacking any authorization from the customer.
Guiliano Law Group
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