EDGAR MILLAN MIRO GARCIA is currently employed as a Broker and/or Investment Adviser at POPULAR SECURITIES, LLC located at 209 PONCE DE LEON AVENUE, PLAZA LEVEL, SAN JUAN, PR, 00918.
EDGAR MILLAN MIRO GARCIA has worked at POPULAR SECURITIES, LLC since December 08, 2007
Disclosure History
EDGAR MILLAN MIRO GARCIA has 4 Disclosure Event(s).
Date: February 27, 2018 Category: Customer Dispute Allegations: Complainant 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: $100,000.00 Broker Comment: The Financial Consultant denies these allegations and intends to defend them vigorously.
Date: October 11, 2017 Category: Customer Dispute Allegations: Claimant alleges that Financial Consultant investment recommendations to purchase and to hold P.R. Government Development Bonds resulted in an over-concentrated and high-risk portfolio, which were unsuitable positions in light of the client's risk tolerance. Claimant also alleges that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $150,000.00 Broker Comment: The financial consultant denies the allegations and intends to defend them vigorously.
Date: September 10, 2014 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT FINANCIAL CONSULTANT INVESTMENT RECOMMENDATIONS WAS UNSUITABLE OVER-CONCENTRATED AND AT RISK FOR SUBSTANCIAL LOSS. CLAIMANTS ALSO ALLEGE THAT HE WAS NOT WARNEDED ABOUT THE PORTFOLIO RISKS NOR THE INCREASING RISKS DURING 2013. Damage Amount Requested: $50,000.00 Settlement Amount: $20,000.00
Date: May 06, 2014 Category: Customer Dispute Allegations: CLIENTS ALLEGES THAT FC INVESTMENT RECOMMENDATION RESULTED IN AN USUITABLE TRANSACTION ON THE INVESTMENT MADE IN PR PFD SHARES. ALSO CUSTOMER ALLEGES FC MISREPRESENTED THE INVESTMENT AS BEING GUARANTEED. Damage Amount Requested: $77,000.00 Broker Comment: I STRONGLY DISAGREE WITH CLIENT'S ALLEGATIONS. THE CUSTOMER INITIALLY OPENED HIS ACCOUNT AT PS ON 12/2007, AFTER TRANSFERRING HIS ACCOUNT FROM ANOTHER BD. AT THE TIME THE ACCOUNT WAS OPENED AT POPULAR SECURITIES, THE POSITIONS WERE ALREADY HELD IN THE CUSTOMERS ACCOUNT. ON JUNE 2009, THE TENDER OFFER FOR THE PFD SHARES HELD IN THE A/C WAS FULLY EXPLAINED. THE CUSTOMER DECIDED TO REJECT THE TENDER OFFER BECAUSE HE DID NOT WANT TO REALIZE THE LOSS IN HIS ACCOUNT. ALSO THE CUSTOMER EXPRESSED THAT HE WAS RECEIVING DIVIDEND PAYMENTS AND HOPED FOR THE FUTURE RECOVERY OF THE SHS IN THE MARKET. AT NO TIME DID THE FC REPRESENTED THE INVESTMENT AS BEING GUARANTEED.---- AFTER THE FIRM RESPONDED ALL ALLEGATIONS, NO FURTHER COMMUNICATION HAVE BEEN RECEIVED. FIRM HAS DECIDED TO CLOSE COMPLAINT.
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