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Articles Tagged with Puerto Rican Bonds

FINRA Reports Brokers Nas Adel Allan and Gregory Anastos Made Unsuitable Recommendations on elderfinancialfraudattorneys.comRalph Adams Bianchi (CRD #1513063) is a previously registered broker whose last known employer was Wells Fargo Clearing Services, LLC (CRD #19616) of Flemington, NJ. His previous employers include The GMS Group, LLC (CRD #8000) of Livingston, NJ, and Moore & Schley, Cameron & Co. (CRD #6917). No current employment information is available. He began in the industry in 1986.

Bianchi has one disclosure on his record, a customer dispute filed on 01/19/2018. In it, the claimants allege that Bianchi made unsuitable investments in the Puerto Rican bond market. These recommendations were made between 2013 and 2017, when the Puerto Rico bond market found itself in a severe crisis. After the island was later devastated by Hurricane Maria, the financial market collapsed.

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Silver Law Group is investigating California-based Kestra Investment Services, LLC (CRD# 42046) broker Tom A. Puentes (CRD# 1713812) amidst 23 disclosures on his FINRA BrokerCheck report.

According to Puentes’ FINRA BrokerCheck report, Puentes has a total of 23 disclosures, with 15 settling for over $750,000.  A large majority of the settled claims allege unauthorized and unsuitable transactions in Puerto Rican municipal bonds.

Puentes’ actions concerning the settlements occurred while he was employed by Morgan Stanley (CRD# 149777).  Morgan Stanley discharged Puentes in October 2014 over allegations against Puentes over his use of discretionary trading without written authorization.

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