ARTURO REXACH MUNDO is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 15 2ND ST / 15 CALLE 2, GUAYNABO, PR, 00968.
ARTURO REXACH MUNDO has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since June 25, 2009
Disclosure History
ARTURO REXACH MUNDO has 15 Disclosure Event(s).
Date: April 23, 2018 Category: Customer Dispute Allegations: The customer alleges unsuitability and misrepresentation from December 2012 until December 2017. Damage Amount Requested: $277,606.00
Date: March 07, 2018 Category: Customer Dispute Allegations: Time frame: 2000-2009 Claimant alleges overconcentration, unsuitability and misrepresentations involving the recommendations of closed-end funds. Damage Amount Requested: $100,000.00
Date: January 30, 2018 Category: Customer Dispute Allegations: The customer alleges unsuitability and misrepresentation.
Date: January 12, 2018 Category: Customer Dispute Allegations: The customer alleges misrepresentation from 2012 to 2018. Damage Amount Requested: $250,905.87
Date: January 12, 2018 Category: Customer Dispute Allegations: The customer alleges unsuitability and misrepresentation from July 2013 through October 2017. Damage Amount Requested: $571,537.75
Date: January 02, 2018 Category: Customer Dispute Allegations: The customer alleges unsuitable investments from March 2010 to December 2017. Settlement Amount: $100,000.00
Date: July 11, 2017 Category: Customer Dispute Allegations: The Customer alleges unsuitable investment recommendations and misrepresentation and omission of material facts from June 2009 to July 2017. Damage Amount Requested: $500,000.00
Date: June 06, 2017 Category: Customer Dispute Allegations: The Customers allege unsuitable investment recommendations and misrepresentation and omission of material facts from 2011 to 2017. Damage Amount Requested: $650,000.00
Date: February 11, 2016 Category: Customer Dispute Allegations: The Customers allege unsuitable investment recommendations, unauthorized trading and misrepresentation and omission of material facts from October 2011 to September 2013. Settlement Amount: $90,000.00
Date: September 08, 2015 Category: Customer Dispute Allegations: The Customer alleges unsuitable investment recommendations and misrepresentation and omission of material facts from August 2009 to August 2015. Damage Amount Requested: $708,374.07 Settlement Amount: $125,000.00
Date: December 09, 2014 Category: Customer Dispute Allegations: TIME FRAME:2006-2011 CLAIMANT ALLEGES THAT HER INVESTMENTS IN PREFERRED STOCK WERE UNSUITABLE, OVER-CONCENTRATED AND MISREPRESENTED AS SAFE INVESTMENTS. Damage Amount Requested: $200,000.00 Settlement Amount: $30,000.00
Date: July 10, 2014 Category: Customer Dispute Allegations: THE CUSTOMERS ALLEGE UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION AND OMISSION OF MATERIAL FACTS FROM JUNE 2009 TO JANUARY 2014. Damage Amount Requested: $1,321,595.00 Settlement Amount: $305,000.00 Broker Comment: BS Financial Services, Inc. settled with the Customers for $30,000. and Merrill Lynch settled with the Customers for $275,000.
Date: March 17, 2014 Category: Customer Dispute Allegations: TIME FRAME: CLAIMANTS ALLEGE MISREPRESENTATION AND UNSUITABILITY IN CONNECTION WITH THE PURCHASE OF SECURED NOTES AND CLOSED-END FUNDS IN 2004. Damage Amount Requested: $1,000,000.00 Settlement Amount: $245,000.00
Date: January 26, 2010 Category: Customer Dispute Allegations: TIME FRAME: JANUARY 26, 2009 - JANUARY 29, 2009 CLIENT ALLEGES HER FINANCIAL ADVISOR MADE AN UNAUTHORIZED SALE IN HER ACCOUNT. THE ALLEGED DAMAGES ARE ESTIMATED TO BE IN EXCESS OF $5,000. Damage Amount Requested: $5,000.00 Broker Comment: THE FINANCIAL ADVISOR CALLED THE CLIENT TO NOTIFY HER ABOUT A MARGIN CALL ON THE ACCOUNT, CUSTOMER WAS NOT IN A FINANCIAL POSITION TO SATISFY SUCH CALL, SO OPERATIONS DEPARTMENT PROCEEDED TO SELL IN ORDER TO COVER THE DEBT. THIS FINANCIAL ADVISOR NEITHER BOUGHT OR SOLD ANYTHING IN THIS ACCOUNT.
Date: January 23, 2009 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT FA EXECUTED UNAUTHORIZED TRANSACTIONS AND PURCHASED UNSUITABLE R & G FINANCIAL PREFERRED STOCK IN 2006. Damage Amount Requested: $100,000.00 Settlement Amount: $60,000.00 09-03498
More Information
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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