Yolanda M. Rosich Clemente of San Juan Puerto Rico a stockbroker currently registered with Popular Securities is referenced in a customer initiated investment related arbitration claim in which the customer requested $235,000.00 in damages supported by accusations that the customer was inappropriately advised to invest in Puerto Rico securities including closed end fund and government debt investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01692 (May 3, 2018).
FINRA Public Disclosure reveals that Clemente has been identified in two more customer initiated investment related disputes containing allegations of her misconduct while employed with Popular Securities. Specifically, a customer filed an investment related arbitration claim involving Clemente’s conduct where the customer sought $227,114.00 in damages founded on accusations that the customer’s account was over-concentrated in unsuitable investments; recommendations made concerning the purchasing and holding of closed and opened end funds, municipal debt investments and government debt products conflicted with the customer’s objectives for investing and tolerance for risk; and the customer was not made aware of the red flags or adverse financial information pertaining to the investments selected for the customer’s account. FINRA Arbitration No. 16-01416 (May 23, 2016).
Thereafter, a customer filed an investment related arbitration claim concerning Clemente’s activities in which the customer requested $1,000,000.00 in damages supported by allegations that the customer was advised to invest in securities which were overly speculative and which ran contrary to the customer’s goals of principal preservation; and the customer’s funds had been over-concentrated in investments which sustained extreme volatility and produced losses. FINRA Arbitration No. 17-01926 (Aug. 1, 2017).
Clemente has been employed by Popular Securities LLC since May 21, 1997.
