{"id":4265,"date":"2017-07-26T15:04:54","date_gmt":"2017-07-26T19:04:54","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/?p=4265"},"modified":"2018-10-08T12:40:25","modified_gmt":"2018-10-08T16:40:25","slug":"complaint-filed-morgan-stanley-based-puerto-rico-municipal-bonds","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/complaint-filed-morgan-stanley-based-puerto-rico-municipal-bonds\/","title":{"rendered":"Complaint Filed against Morgan Stanley based on Puerto Rico Municipal Bonds"},"content":{"rendered":"

Silver Law Group has filed a complaint on behalf of a family group of investors against Morgan Stanley<\/a> (CRD# 149777) and financial advisor Angel E. Aquino-Velez<\/a> (CRD# 2687333) for unsuitable recommendations and concentration of client accounts in Puerto Rico municipal bonds. The allegations against Morgan Stanley and Aquino include unsuitable investment recommendations, failure to diversify, breach of fiduciary duty, and failure to supervise.<\/p>\n

Claimants all had accounts with Morgan Stanley managed by Aquino. With a risk profile of conservative to moderate risk and investment goals of retirement, the statement of claim alleges that Aquino concentrated the accounts in Puerto Rico municipal bonds.<\/p>\n

The Claimants placed their trust in the hands of their financial advisor hoping to achieve their financial goals but instead Aquino pushed the investments in Puerto Rico debt misrepresenting the risks associated with the bonds. This left the claimants overexposed to the risks of the Puerto Rican economy which was known to be in financial difficulty at the time. With the downgrade and subsequent default by Puerto Rico on its debt the Claimants suffered extensive losses due to the strategy.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Silver Law Group has filed a complaint on behalf of a family group of investors against Morgan Stanley (CRD# 149777) and financial advisor Angel E. Aquino-Velez (CRD# 2687333) for unsuitable recommendations and concentration of client accounts in Puerto Rico municipal bonds. The allegations against Morgan Stanley and Aquino include unsuitable investment recommendations, failure to diversify, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[576],"tags":[662,89,661],"class_list":["post-4265","post","type-post","status-publish","format-standard","hentry","category-unsuitable-investment-advice","tag-angel-e-aquino-velez","tag-morgan-stanley","tag-puerto-rico-bonds"],"yoast_head":"\nComplaint Filed against Morgan Stanley based on Puerto Rico Municipal Bonds — Securities Arbitration Lawyers Blog — July 26, 2017<\/title>\n<meta name=\"description\" content=\"Silver Law Group has filed a complaint on behalf of a family group of investors against Morgan Stanley (CRD# 149777) and financial advisor Angel E. — July 26, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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