Pedro Juan Rodriguez Rivera 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 in which the customer requested $463,417.00 in damages supported by accusations that (1) misrepresentations had been made to the customer concerning the risks of investments chosen for the customer’s account and (2) inappropriate investment recommendations were made to the customer concerning closed end fund and municipal debt investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03111 (Aug. 28, 2018).
FINRA Public Disclosure also confirms that Rivera is referenced in a customer initiated investment related arbitration claim where the customer sought $50,000.00 in damages based upon allegations that the customer’s account was handled in a negligent manner; contractual obligations to the customer had been breached; fiduciary duties owed to the customer were violated; there was an inadequate level of diversification for the customer’s investment portfolio; and unsuitable closed end fund and municipal debt trades were effected in the customer’s account. FINRA Arbitration No. 18-00639 (Feb. 16, 2018).
Rivera’s registration with Oriental Financial Services Corp. has been terminated as of June 23, 2015. He has been employed by Aegis Capital Corp. since June 29, 2015.
