Dario Suarez, of Ponce, 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 18, 2017, in which the customer requested $1,000,000.00 in damages based upon allegations that Suarez effected unsuitable transactions involving Puerto Rico closed-end bond Funds as well as Puerto Rico municipal bonds. The customers additionally alleged that Suarez overconcentrated their assets in the bond investments and made misrepresentations concerning them.
Financial Industry Regulatorily Authority (FINRA) Public Disclosure reveals that Suarez has been named in twenty-six additional customer initiated investment related disputes containing allegations of his misconduct while employed with UBS Financial Services, Salomon Smith Barney, and Citigroup GMI. Specifically, on January 18, 2001, a customer filed an investment related complaint involving Suarez’s conduct, in which the customer requested $5,677.40 in damages based upon allegations that Suarez failed to abide by the customer’s investment instructions concerning over-the-counter equity transactions, and effected unauthorized trades in the customer’s account.
On August 20, 2001, a customer filed an investment related complaint regarding Suarez’s activities, based upon allegations that Suarez effected equity transactions which the customer did not authorize. Further, on December 6, 2002, a customer filed an investment related complaint involving Suarez’s conduct, in which the customer requested $5,677.40 in damages based upon allegations that Suarez effected purchases of municipal bonds in the customer’s account without authorization.
From March 3, 2014, to September 22, 2016, twenty-three additional customer initiated investment related disputes regarding Suarez’s conduct were filed, based upon allegations against Ponce which include misrepresentation, overconcentration of customer assets, and unsuitability pertaining to Puerto Rico municipal and closed-end bond funds. Nine of the twenty-three customer disputes have been resolved, in which customers have collectively received $1,181,497.18 in damages.
Guiliano Law Group
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