ARTURO MIGUEL VALLDEJULY SASTRE is currently employed as a Broker and/or Investment Adviser at POPULAR SECURITIES, LLC located at 208 Ponce de Leon Ave, POPULAR CENTER Suite 1200, SAN JUAN, PR, 00918.
ARTURO MIGUEL VALLDEJULY SASTRE has worked at POPULAR SECURITIES, LLC since May 21, 1997
Disclosure History
ARTURO MIGUEL VALLDEJULY SASTRE has 4 Disclosure Event(s).
Date: February 28, 2018 Category: Customer Dispute Allegations: Claimant alleged that Financial Consultant investment recommendations to purchase and to hold P.R. securities were unsuitable in light of the clients' risk tolerance. Claimants also alleged that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $397,000.00 Broker Comment: The Financial Consultant denies these allegations and intends to defend them vigorously.
Date: June 22, 2017 Category: Customer Dispute Allegations: Claimants allege that Financial Consultant investment recommendations to purchase and to hold PR bonds and PR closed-end bond funds resulted in an over concentrated and risky portfolio, which were unsuitable positions in light of the clients' wish to preserve their capital. Damage Amount Requested: $250,000.00 Broker Comment: THE FINANCIAL CONSULTANT DENIES THE ALLEGATIONS, AND WILL VIGOROUSLY CONTEST THEM.
Date: July 27, 2015 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT FINANCIAL CONSULTANT INVESTMENT RECOMMENDATIONS TO PURCHASE AND TO HOLD P.R. BOND AND PR OEFS (POPULAR FUNDS) RESULTED IN AN OVER CONCENTRATED AND HIGH RISK PORTFOLIO, WHICH WERE UNSUITABLE IN LIGHT OF THE CLIENT'S RISK TOLERANCE. CLAIMANTS ALSO ALLEGE THAT FINANCIAL CONSULTANT MADE MISLEADING REPRESENTATIONS REGARDING THE PRODUCTS RISKS. Damage Amount Requested: $100,000.00 Settlement Amount: $75,000.00 Broker Comment: THE FINANCIAL CONSULTANT DENIES THE ALLEGATIONS, AND WILL VIGOROUSLY CONTEST THEM.
Date: March 16, 2015 Category: Customer Dispute Allegations: CLIENTS CLAIM INVESTMENT SHOULD HAVE BEEN A PRINCIPAL GUARANTEE PRODUCT. THEY CLAIM MISREPRESENTATION AND UNSUITABLE INVESTMENT STRATEGY. Damage Amount Requested: $400,000.00 Settlement Amount: $75,000.00 Broker Comment: THE FINANCIAL CONSULTANT DENIES THE ALLEGATIONS, AND WILL VIGOROUSLY CONTEST THEM.----A $75,000 settlement was reached between a Popular Securities' affiliated company, Banco Popular de Puerto Rico ("BPPR"), and the client. Popular Securities was not responsible of the claim at issue. Update: On 11/06/2015, a $75,000 settlement was reached by and among Banco Popular de Puerto Rico, Popular Securities and the claimants. Banco Popular de Puerto Rico is an affiliate of Popular Securities. On 05/16/2016 Popular Securities contributed $18,823.44 to the settlement payment. The registered representative did not contribute to the settlement payment.
More Information
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