CRISTOBAL ANDRES NELSON is currently employed as a Broker and/or Investment Adviser at VECTORGLOBAL WMG located at 1001 BRICKELL BAY DRIVE, SUITE 1900, MIAMI, FL, 33131.
CRISTOBAL ANDRES NELSON has worked at VECTORGLOBAL WMG since August 12, 2014
Disclosure History
CRISTOBAL ANDRES NELSON has 1 Disclosure Event(s).
Date: January 03, 2014 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES IN A WRITTEN COMPLAINT THAT SHE WAS NOT SATISFIED WITH THE ADVICE THAT SHE RECEIVED FROM THE RR REGARDING THE PURCHASE OF A BOND ON OCTOBER 5, 2012. ACCORDING TO THE CLIENT THE RR DID NOT EXPLAIN THE RISK ASSOCIATED WITH THE INVESTMENT NOR DID HE INFORM HER WHEN THE BOND PRICE BEGAN TO DECLINE. CLIENT CLAIMS THAT SHE DOES NOT UNDERSTAND HOW THE FIRM PROCESSED A HIGH RISK INVESTMENT IN THE ACCOUNT OF A PERSON OVER 70 YEARS OLD. Damage Amount Requested: $70,000.00 Broker Comment: THE FIRM HAS INVESTIGATED THE MATTER AND DETERMINED THAT NO MISREPRESENTATION OCCURRED. THE INVESTMENT WAS ADEQUATE BASED ON THE CLIENT'S PROFILE ON FIRM'S RECORDS. THE RR DISCLOSED AT THE TIME OF THE RECOMMENDATION, ALL PERTINENT INFORMATION RELATED TO THE BOND IN QUESTION INCLUDING, BUT NOT LIMITED TO, THE SURROUNDING RISKS, THE CREDIT RATING OF THE BOND AND ITS SPECULATIVE NATURE. THE FIRM ALSO DISCLOSED TO THE CLIENT THE CREDIT RATING OF THE BOND CONTEMPORANEOUSLY WITH THE EXECUTION OF THE TRANSACTION THROUGH A WRITTEN CONFIRMATION IN ACCORDANCE WITH THE PERTINENT REGULATORY PROVISIONS; ACCOUNTS STATEMENTS WERE ALSO MAILED TO THE CLIENT IN COMPLIANCE WITH SECURITIES LAW. IN ADDITION, THE CLIENT'S PORTFOLIO AND PRICE FLUCTUATIONS WERE DISCUSSED WITH THE CLIENT IN PERIODIC MEETINGS SUSTAINED AT A REASONABLE TIME; THEREFORE, THE CLIENT'S CLAIM HAS BEEN DENIED BY THE FIRM.
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