Vincente Castillo, of San Juan, Puerto Rico, a stockbroker currently registered with UBS Financial Services Inc., and UBS Financial Services Incorporated of Puerto Rico, has been named in a customer initiated investment related arbitration claim on January 6, 2017, in which the customer requested $325,000.00 in damages based upon allegations that Castillo overconcentrated the customer’s investments in Puerto Rico closed-end funds, and misrepresented the investments to firm customers.

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Castillo has been named in nineteen additional customer initiated investment related disputes containing allegations of Castillo’s misconduct while employed with UBS Financial Services, in which customers have similarly stated allegations, including that Castillo, inter alia, made misrepresentations to the customers concerning Puerto Rico municipal bonds and Puerto Rico closed end funds, overconcentrated the customers’ assets, and effected transactions in the customers’ accounts which were unsuitable. Customers have additionally alleged that UBS Financial Services failed to supervise Castillo’s business activities involving customers’ investments.

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com 

Comments are closed.