EDMAN ALICEA RODRIGUEZ 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.
EDMAN ALICEA RODRIGUEZ has worked at POPULAR SECURITIES, LLC since August 16, 2011
Disclosure History
EDMAN ALICEA RODRIGUEZ has 8 Disclosure Event(s).
Date: November 21, 2017 Category: Customer Dispute Allegations: Claimant alleges that Financial Consultant investment recommendations to purchase and to hold P.R. securities were unsuitable in light of the clients' risk tolerance. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $210,000.00 Broker Comment: The Financial Consultant denies the allegations and intends to defend them vigorously.
Date: July 11, 2017 Category: Customer Dispute Allegations: Claimant alleges that Financial Consultants' investment recommendations to purchase and to hold PR Closed End Funds 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 Consultants particularly were egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $518,000.00 Broker Comment: THE FINANCIAL CONSULTANT DENIES ALL ALLEGATIONS AND INTENDS TO DEFEND THEM VIGOROUSLY.
Date: May 30, 2017 Category: Customer Dispute Allegations: Claimants allege that Financial Consultant investment recommendations to invest in and hold PR bonds and PR bond Funds resulted in an over concentrated and risky portfolio, which were unsuitable positions in light of the clients' wish to preserve their capital. Claimants also allege that recommendations made by the Financial Consultant were particularly egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $800,000.00 Broker Comment: THE FINANCIAL CONSULTANT DENIES ALL ALLEGATIONS AND INTENDS TO DEFEND THEM VIGOROUSLY.
Date: October 20, 2016 Category: Customer Dispute Allegations: Claimants allege that Financial Consultant investment recommendations to purchase and to hold a P.R. closed end funds, P.R. open end funds, and P.R. COFINA bonds resulted in an over concentrated and high risk portfolio, which were unsuitable positions in light of the clients' risk tolerance. Claimants also allege that recommendations made by the Financial Consultants were particularly egregious in light of Puerto Rico's well known deteriorating financial condition. Damage Amount Requested: $260,779.00 Broker Comment: THE FINANCIAL CONSULTANT DENIES ALL ALLEGATIONS AND INTENDS TO DEFEND THEM VIGOROUSLY.We deny this allegation and find it frivolous and completely erroneous. We have evidence that shows our recommendation to diversify the portfolio out of PR, to diversify among other asset classes and to implement a Professional Money Management strategy in order to minimize overall risk. Clients purchased and held their PR investments because of the tax benefits and attractive yields associated with such investments.
Date: May 07, 2014 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT FINANCIAL CONSULTANT MADE AN UNSUITABLE RECOMMENDATION FOR THE PURCHASE OF A PR BOND FUND, AFTER RISKS WERE NOT COMPLETELY DETAILED. SUCH SALE RESULTED IN LOSSES FOR THE CUSTOMER. Damage Amount Requested: $158,000.00 Settlement Amount: $47,500.00
Date: September 13, 2010 Category: Customer Dispute Allegations: ATTORNEY ALLEGES FA FAILED TO LIQUIDATE ACCOUNT AS DIRECTED. (03/15/2010-06/15/2010) Damage Amount Requested: $18,000.00
Date: January 08, 2003 Category: Customer Dispute Allegations: CLIENT ALLEGED UNAUTHORIZED BUYS AND SELLS IN HIS ACCOUNT. UNSPECIFIED DAMAGES, BELIEVED TO BE OVER $5,000.00. Broker Comment: CLIENT DID NOT PURSUE CLAIM, SO MATTER WAS CLOSED.
Date: June 14, 1999 Category: Customer Dispute Allegations: ALLEGATIONS BY AN HEIR TO THE ESTATE OF A FORMER PRUDENTIAL REGISTERED REPRESENTATIVE, (CUSTOMER), THAT U.S. TREASURY BILLS WERE PURCHASED IN CUSTOMERS' ACCOUNT WITHOUT HER AUTHORIZATION AND THAT THE TRADE WAS EXECUTED AFTERHER DEATH. NO DAMAGES ALLEGED, BUT BELIEVED TO BE UNDER $5000. Broker Comment: ***22I(1) WAS ANSWERED ON THE DRP******THIS MATTER ARISES OUT OF TRANSACTIONS UNDERTAKEN AT A PRIOR OR PREVIOUS FIRM. WELLS FARGO ADVISORS HAS NO RECORDS OR INFORMATION RELATING TO THE ISSUES REPRESENTED IN THIS REPORT. THE MATTER IS CONSIDERED CLOSED. ***PLEASE DELETE THIS DRP FORM MY RECORD AS THIS MATTER DID NOT MEET REPORTING CRITERIA. (SEE THE VERBIAGE IN #4 REGARDING ALLEGED COMPENSATORY DAMAGES)
More Information
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